Musk says he will establish a "fair valuation" for xAI, possibly hinting at potential financing plans

According to CNBC news on April 22, Musk stated in a recent conference call with xAI investors that he hopes to establish a "reasonable valuation" for his AI startup xAI. Although no specific new funding round was explicitly mentioned, informed sources believe this signals an imminent large-scale fundraising effort. The meeting discussions suggested that xAI's annual revenue could potentially exceed $1 billion. On March 29 this year, xAI acquired X through an all-stock transaction, with the merged entity unified as XAI HOLDINGS. This transaction valued xAI at $80 billion and X at $33 billion (subtracting $12 billion in debt from $45 billion). Musk stated, "Since its establishment two years ago, xAI has rapidly become one of the world's leading AI laboratories, building models and data centers at an unprecedented speed and scale. X is a digital town square with over 600 million active users seeking real-time fact sources, and over the past two years, it has transformed into one of the world's most efficient companies, positioned for scalable future growth. The futures of xAI and X are intertwined. Today, we are formally taking a step to combine data, models, computation, distribution, and talent. By merging xAI's advanced AI capabilities and expertise with X's massive influence, this combination will unlock tremendous potential. The merged company will provide more intelligent and meaningful experiences for billions of people while maintaining our core mission of seeking truth and advancing knowledge. This will enable us to build a platform that not only reflects the world but actively accelerates human progress. I want to thank everyone on the xAI and X teams for their unwavering dedication, whose relentless efforts have brought us to this point. This is just the beginning."