Musk’s xAI Seeks Up to $200 Billion Valuation in New Funding (2)

XAI Holdings, Elon Musk’s artificial intelligence and social media company, is in talks to raise more money at a valuation of as much as $200 billion, according to a person familiar with the matter.

The company recently raised $10 billion, split evenly between debt and equity. Now, it’s moving to raise another $10 billion, said the person, who asked not to be identified discussing private information.

In a post on X Friday, Musk said, “xAI is not seeking funding right now. We have plenty of capital.” Representatives for xAI did not immediately respond to requests for comment. ...