Elon Musk’s xAI is reportedly seeking $20 billion in new funding, a move that could catapult its valuation beyond $120 billion — making it one of the biggest tech fundraising events in history. Formed through the merger of Musk’s AI ventures with X (formerly Twitter), xAI reflects Musk’s bold ambition to fuse AI across his business empire, from social media to crypto.
Major players like Valor Equity Partners and Sequoia Capital are expected to join the funding round, highlighting strong investor faith in Musk’s vision. Beyond scaling AI, the influx of capital could ease financial pressure on X and accelerate blockchain integrations, possibly impacting Bitcoin and Ethereum markets.
Analysts draw parallels between xAI’s trajectory and OpenAI’s $40 billion milestone, suggesting a new wave of AI-blockchain synergies could emerge. As the "Musk Effect" once again stirs both tech and crypto sectors, market watchers advise staying alert to potential volatility and innovation.
