Exclusive | Elon Musk’s xAI in Advanced Talks to Raise $15 Billion, Lifting Valuation

Elon Musk’s artificial-intelligence company, xAI, is in advanced talks to raise $15 billion in new equity at a $230 billion valuation, according to people familiar with the plans.

The new valuation would represent a significant increase from the $113 billion it disclosed after merging with Musk’s social-media site, X, in March. The terms of the new fundraising were disclosed to investors by Musk’s wealth manager, Jared Birchall, on Tuesday night, the people said.