Musk’s xAI Holdings is reportedly raising the second-largest private funding round ever

Quick Summary:

Elon Musk’s xAI Holdings is in talks to raise $20 billion in fresh funding, potentially valuing the AI and social media combo at over $120 billion, according to a new Bloomberg report that says talks are in the “early stages.

Gracias has even taken on a role as lieutenant in Musk’s Department of Government Efficiency.

Musk will likely draw from some of the same backers who’ve consistently funded his ventures, from Tesla to SpaceX, including Antonio Gracias of Valor Equity Partners and Luke Nosek of Gigafund.

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Article Details

Author / Journalist: Connie Loizos

Category: Technology

Markets: United States

Topics: AI XAI Holdings Elon Musk

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-26 @ 05:29:11 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 185 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 37 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 28213348

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