Morgan Stanley: Expects xAI's annual revenue to exceed $13 billion by 2029

According to reports from Hashlink, Morgan Stanley expects xAI's total revenue to reach $1 billion by the end of this year, and revenue to exceed $13 billion by 2029. The firm also predicts that xAI's EBITDA could increase to $2.7 billion by 2027 and possibly reach $13.1 billion by 2029. Additionally, xAI may invest $18 billion to expand its data centers and is seeking new financing with a valuation of $113 billion.