Elon Musk’s xAI Seeks USD 113 Billion Valuation, Launches USD 5 Billion Debt Sale: Reports

Elon Musk's xAI is reportedly seeking a valuation of USD 113 billion in share sale worth USD 300 million as it launched USD 5 billion in debt sale. This deal is expected to allow the employees to sell shares to the investors, and a large investment round may follow as the secondary stock offer. It would reportedly validate X's xAI acquisition, which valued the overall group as USD 113 billion, of which xAI was USD 80 billion and X was USD 33 billion, down from USD 44 billion when purchased by Elon Musk in October 2022. Errol Musk Says ‘There Will Be Tesla Manufacturing Plant in India, PM Narendra Modi and Elon Musk Will Work It Out Soon’ During His India Tour.

xAI Seeking USD 113 Billion Valuation in USD 300 Million Share Sale

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