Elon Musk’s xAI seeks $113bn valuation in $300mn share sale

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Illon Musk launches the sale of 300 million dollars, estimated at $ 113 billion, as the world’s richest man returns to his commercial empire and race to develop artificial intelligence.

The deal will allow employees to sell shares to new investors, according to people close to the situation, with the validity of Prictag’s health when Musk Xai Start-UP has gained social media service X in March.

One of the persons said that the secondary stock offer, known as the tender offer, is expected to follow a larger investment tour in which the company will provide new ownership rights to external investors.

The acquisition in March was valued by the total group of $ 113 billion: Xai pricing at $ 80 billion with X at $ 33 billion. He bought Musk X, formerly Twitter for $ 44 billion in October 2022.

Xai refused to comment.

The process of selling the new shares comes after the Musk campaign, which helped the American presidential Donald Trump campaign, retreated last week of its role in chairing the cost -cutting initiative in the administration. His time ended in the so -called Ministry of Governmental efficiency (DOGE) after he clashed with the cabinet secretaries and criticized the central parts of the Trump administration policy agenda.

Tesla and Spacex President said he was re -focusing on his business holdings after his companies suffered from what he called “reaction” on his relations with the president.

Musk wrote at X late last month: “Return to spend 24/7 at work and sleep in the conference/server/factory rooms,” MUSK wrote at X late last month. “I have to focus superior to X/Xai and Tesla … since we have important techniques.”

Musk said that the joint group will allow two companies to benefit from combining models, computing power, distribution and talent. For example, artificial intelligence developers can better train their models on social media collection data and benefit from their fans.

However, no more details were revealed on how to organize the March deal. The mysterious treatment allowed X, which led to the isolation of some advertisers after the adoption of the Musk Hands approach in moderate content, to take advantage of the increasing value of Xai.

AI won a $ 45 billion rating in a $ 5 billion financing round in late last year. Last year, Musk gave the investors who supported his acquisition on Twitter – including large investment capital companies such as Sequoia Capital and Andressen Horowitz – 25 percent of the shares in XAI.

The link between companies has been discussed with inputs of only a few close associate musk, according to a number of X and Xai supporters.

Two people familiar with the offer said that Xai is also seeking to borrow $ 5 billion through a group of high -yield loans and bonds in a deal led by Morgan Stanley. Morgan Stanley did not immediately respond to a request to comment on the collection of donations, which was first reported by Bloomberg.

Musk Xai was launched in 2023 to face Sam Altman’s Openai and other adult technology competitors. It has quickly revealed the Chatbot Grok collection and the construction of a group of supercomputs called Colossus, one of the largest projects of the artificial intelligence center in the United States.

In addition to competing with Big Tech, harsh image and sometimes prepared, Musk also agreed to partnerships. Last month, Microsoft announced that it allows XAI models to its cloud computer customers, while App App Telegram agreed to distribute GROK to its 1 billion users.

MUSK’s renewed focus on his commercial empire coincides with a new financing round to start his Neuralink brain. Many people who have knowledge of the deal said, the company raised $ 600 million with a rating of $ 9 billion, except for the new investment. The last value of Neuralink amounted to $ 3.5 billion in a 2023 financing round.