According to HT's report, Foresight News learned that sources revealed that Elon Musk's xAI Holdings is in talks with investors to raise approximately $20 billion for its newly integrated AI startup and social media business. If the deal is reached, it would become the second-largest startup funding round in history, according to data provider PitchBook, second only to OpenAI's $40 billion funding round earlier this year.
Sources stated that this funding round could exceed $20 billion, though the total amount has not been finalized and terms may still change. The financing would value the company at over $120 billion. Current funding negotiations are in the early stages, with the company aiming to complete fundraising in the coming months. XAI Holdings, announced in March, was formed by merging the X platform (formerly Twitter) with Musk's AI enterprise xAI. One source indicated that the new funds might be partially used to repay the debt incurred when Musk privatized Twitter (later renamed X).
