XAI Holdings, recently formed by merging xAI and X, is reportedly in discussions to secure a capital infusion of approximately $20 billion. This initiative aims to elevate the company's valuation beyond $120 billion, according to sources familiar with the negotiations. The potential funding could also assist in managing the financial obligations incurred by Elon Musk following his acquisition and privatization of Twitter.
The decision to seek additional funding is anticipated to unfold over the upcoming months, marking a significant move for the Tesla (TSLA, Financial) CEO as he continues to expand his technological and business horizons. This financial strategy underscores Musk's ongoing efforts to fortify his ventures while addressing existing debts.
