xAI Raising Funds: Elon Musk’s AI Company to Close USD 15 Billion Round at USD 230 Billion Pre-Money Valuation in December
Elon Musk’s AI startup xAI is reportedly preparing to close a USD 15 billion funding round in December, valuing the company at USD 230 billion pre-money. The round follows growing interest in advanced AI models across the industry. Much of the funding is expected to support the company’s expanding computing needs, particularly high-performance GPUs.
Elon Musk’s xAI is planning to raise USD 15 billion in its latest funding round in December, pushing the company’s pre-money valuation to USD 230 billion. This comes as rivals such as OpenAI continue to see rising demand for their LLMs. According to reports, the funding round is expected to close on 19 December, with allocations due by the end of the day on Tuesday. The move aligns with earlier reporting that xAI was targeting a USD 15 billion raise, although Musk previously dismissed those claims as “false” on X. A significant portion of the funds is expected to go towards acquiring advanced GPUs required to power large language models. Earlier this year, the company was reportedly seeking USD 10 billion at a USD 200 billion valuation, signalling rapid shifts in its funding ambitions. Gemini New Feature Update: Google Rolls Out Interactive Images to Its AI Chatbot to Deeper, Dynamic and Visual Learning.
Elon Musk's xAI Raising USD 15 Fund in December
NEWS: xAI Raising $15B at $230B Valuation pic.twitter.com/rrQBYzmDpo
— X Daily News (@xDaily) November 25, 2025
(The above story first appeared on LatestLY on Nov 26, 2025 11:31 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
