Elon Musks Xai is looking for $ 113 billion in stock sales of $ 300 million

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Elon Musks Xai starts a 300 million dollar sales that the group appreciates for $ 113 billion because the richest man in the world returns to his business empire and the race for the development of artificial intelligence.

With the deal, employees will enable employees to sell shares to new investors, according to people who come close to the situation Xai Start-up acquired its social media service X in March.

The secondary stock offering, which is referred to as a survival offer, is expected that a larger investment round in which the company will offer external investors a new equity, said one of the people.

The March takeover Evaluated the entire group with $ 113 billion: Pricing Xai for $ 80 billion with X at $ 33 billion. Musk bought X, formerly Twitter, for $ 44 billion in October 2022.

Xai refused to comment.

After Musk, who had helped Donald Trump’s US presidential campaign, the new share sale came back from his role in the government’s cost reduction last week. His time in the so-called Department of Government Efficiency (Doge) ended after collecting with cabinet secretaries and criticizing central parts of the political agenda of the Trump government.

The head of Tesla and SpaceX said that he had found himself in his business stocks after his companies described what he described a “setback” about his connections to the president.

“Back to the expenses around the clock at work and for sleeping in conference/server/factory rooms,” Musk wrote to X. “I have to concentrate great on X/XAI and Tesla at the end of the last month. Since we have critical technologies that have an impact.”

Musk said the combined group would enable its two companies to benefit from models, computing power, sales and talent. For example, AI developer Can better train your models in the data of the social media group and tap the audience.

However, he announced no further details about how the March deal was structured. The opaque transaction enabled X, which some advertisers had alienated after Musk’s hand-off approach to moderate content to use content to use the increasing value of XAI.

The AI ​​start-up received an assessment of $ 45 billion in a private financing round of $ 5 billion at the end of last year. Last year Musk granted investors who supported its Twitter acquisition – including large risk capital companies such as Sequoia Capital and Andreessen Horowitz – 25 percent of the shares in XAI.

According to a number of supporters from X and Xai, the connection between the companies was discussed with contributions by only a few tight musk trust.

Xai is also looking for $ 5 billion through a package with loans and high -ranking bonds in a deal listed by Morgan Stanley. Morgan Stanley did not immediately answer a request for a statement on fundraising, which was first reported by Bloomberg.

Musk started Xai in 2023 to record Sam Altmans Openai and other Big Tech competitors. It quickly revealed the GROK Chatbot and created a supercomputer called Colossus, one of the largest projects for AI data center in the USA.

Musk not only competes with Big Tech and the sometimes rough picture of Grok, but also agreed to partnerships. Last month, Microsoft announced that Xai models make it available to his cloud computing customer, while the Messaging -app Telegram agreed to distribute GROK to its 1 billion users.

Musk’s renewed focus on his business empire also coincides with a new financing round with a new financing round with a new financing. The company collected $ 600 million with $ 9 billion without the new investment, so several people with knowledge of the business. Neuralink recently had a value of $ 3.5 billion in a financing round of 2023.