Elon Musk’s Xai is trying to evaluate up to $ 200 billion in the next fundraising

Unlock the editor’s digestion free

FT editor Roula Khalaf, chooses his favorite stories in this weekly newsletter.

Elon Musk is preparing to collect more money than a deal that can be worth up to $ 200 billion in Khai, according to the negotiations

The collection of funds that can be officially launched from the next month will be the third major share of the third largest share in less than two months. In July, he collected $ 10 billion through credit and cash investments and sold $ 300 million in a secondary offer in June.

The transaction was also a rapid rise in the evaluation of $ 18 billion in Serial B Fundrais in May 2024.

This week, a tusk social media platform X – Bot day has left the fourth model of Grock GroW-GROW CHATBOT Adolf praised Hitler and shared anti-Semitic rhetoric on the platform. The company banned hate speech posts.

The trial will target the new funds between $ 170 billion and $ 200 billion, he said. The talks were initially and warned that the details could change.

Saudi Arabia’s sovereign wealth fund is expected to play a major role in the PIF deal. There is indirect interest in PIF Xai 800 mln in Xai.

Xai did not respond to appeals for comment. PIF refused to comment.

Xai was taken to $ 45 billion in a stock deal in the X in March. The operation assessed the combined company from $ 113 billion. If the latest Xai fandernizing is successful, it will reach about $ 245 billion.

Another musk company, Spacex, gave valuable value recently. The missile and satellite group said the financial time was reported this week, this week said this week said this week said this week.

ACCUSed companies – Tesla and Brain Chip Company, including Neuralink – first benefited from the relations of entrepreneurs to the US President Donald Trump in the November elections.

Musk, the campaign is 250 mln.

The value of his personal companies shows that investors have taken the risks of Trump targeting Musk’s work. However, the shares in Tesla fell about five years since the beginning of the year.

Xai, Openai, who started in 2023, began in popularity in the popularity of Chatbot Chatgpt soon began. Musk was an co-founder of Openai in 2015, but left in 2018, and since today it was the company’s vocal critic and his chief executive Sam Altman. At the beginning of this year, as part of a fundraising, Openai was worth $ 300 billion.

Additional Report by Hannah Murphy