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April 27, 2025
Elon Musk, known for his ambitious ventures like Tesla and SpaceX, is making headlines again. This time, his AI company xAI is in focus, for which he is allegedly planning a financing round of $20 billion. If this gigantic sum is actually raised, xAI could be valued at over $120 billion and mark one of the largest private financing rounds in history.
The negotiations, reported by Bloomberg, are reportedly still in an early phase. For comparison: OpenAI, a leading company in the field of artificial intelligence and a direct competitor of xAI, recently secured $40 billion in a single financing round. This continues the trend of enormous investments in the AI sector, reflecting the immense potential of this technology.
The potential cash injection for xAI could not only boost the growth of the company itself but also serve to reduce the debt burden of its sister company X (formerly Twitter). Following the takeover by Musk in 2022, the social media platform is struggling with high interest costs, which, according to Bloomberg, amount to around $200 million per month. The annual interest payments were over $1.3 billion at the end of last year.
Since March 2025, xAI and X have been working closely together. Musk announced that both companies will share data, models, computing power, distribution, and personnel resources. The acquisition of X by xAI took place in the form of a share swap, which valued xAI at $80 billion and X at $33 billion. These synergies could form the basis for the future growth of both companies.
Industry experts suspect that Musk will rely on investors who have already supported him at Tesla and SpaceX for the potential financing round. These include, for example, Antonio Gracias of Valor Equity Partners and Luke Nosek of Gigafund. Both are considered close confidants of Musk. Gracias is even said to have taken on a leadership role in the new "Department of Government Efficiency" under Musk.
The pursuit of such a high financing sum underscores not only the continued interest of investors in AI startups but also Musk's growing political influence, particularly in the context of the current government. Neither Musk nor xAI have officially commented on the rumors surrounding the $20 billion financing round. So, developments remain exciting.
Mindverse, a German company specializing in AI-powered content creation, image generation, and research, offers tailored solutions such as chatbots, voicebots, AI search engines, and knowledge systems. As an AI partner, Mindverse supports companies in fully exploiting the potential of artificial intelligence and developing innovative solutions.
Quellen: - https://t3n.de/news/20-milliarden-dollar-plant-musk-die-naechste-kapitalrunde-fuer-xai-1684726/ - https://www.finanznachrichten.de/nachrichten-2025-04/65221991-20-milliarden-dollar-plant-musk-die-naechste-kapitalrunde-fuer-xai-397.htm - https://x.com/t3n/status/1916120639091495095 - https://www.handelsblatt.com/technik/ki/kuenstliche-intelligenz-musk-verhandelt-ueber-20-milliarden-fuer-xai-holdings/100124076.html - https://t3n.de/tag/startups-economy/ - https://t3n.de/ - https://www.facebook.com/t3nMagazin/posts/ist-das-ende-des-ki-hype-in-sicht-nach-microsoft-tritt-jetzt-auch-amazon-beim-au/1105892298242588/ - https://t3n.de/tag/kuenstliche-intelligenz/ - https://www.linkedin.com/company/t3n-magazin-yeebase-media-gmbh/