XAI Holdings of Elon Musk is in conversations to raise $ 20 billion in new funds, which potentially values the combo of AI and social networks in more than $ 120 billion, according to a New Bloomberg report That says the conversations are in the “early stages.” If you succeed, the agreement would be the second largest start of starting financing in history, only behind the increase of $ 40 billion OpenAi last month.
The financing could help relieve the substantial debt load of X, which is costing the company $ 200 million per month in service rates, according to Bloomberg sources, with annual interest expenses that exceed $ 1.3 billion for the end of last year.
An increase in this size would also show the continuous appeal of AI investors, as well as reflecting the surprising appearance of Musk as a player of political power within the White House of President Trump.
Musk will probably be based on some of the same sponsors who have constantly finance their companies, from Tesla to Spacex, including Antonio thanks of Value Equity Partners and Luke Nosek of Gigafund. Thanks has even assumed a role like lieutenant in the efficiency department of the Musk government.
XAI did not respond immediately to the comments.
