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    ITNewspapersThe Economic Times

    Musk says xAI is not raising capital after CNBC report on $10 billion funding

    Binu Mathew
    By Binu MathewSeptember 20, 2025

    Elon Musk on Friday said that xAI is not raising capital right now, following a CNBC report earlier in the day on the AI firm raising $10 billion at a post-money valuation of $200 billion.

    “Fake news. xAI is not raising any capital right now,” Musk said on X.

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