Elon Musk Shuts Down Rumours of xAI Seeking USD 200 Billion Valuation in Next Fundraising Round, Says ‘We Have Plenty of Capital’
Elon Musk has denied rumours that his AI company, xAI, is planning a new funding round. Responding to a post claiming xAI was targeting a USD 200 billion valuation, Musk clarified that the company is not seeking funding and already has sufficient capital to operate.
Elon Musk has dismissed recent rumours about his artificial intelligence (AI) company, xAI, seeking a funding round. X Daily News (@xDaily) posted on X (formerly Twitter) on July 12, 2025, that xAI was aiming for a USD 200 billion valuation in its next fundraising round. However, Elon Musk shut down the speculation and clarified the situation by responding directly to the post. He stated, "These rumors are false. xAI is not seeking funding right now. We have plenty of capital." Elon Musk’s Tesla To Open 1st Experience Centre in Mumbai’s Bandra Kurla Complex Next Week, Donald Trump Calls Building of Factory in India ‘Unfair’ to US.
Elon Musk Says ‘We Have Plenty of Capital’
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