Musk’s xAI in advanced talks to raise $15 billion, lifting valuation to $230 billion: WSJ

Elon Musk’s artificial-intelligence company, xAI, is in advanced talks to raise $15 billion in new equity at a $230 billion valuation, the Wall Street Journal reported on Tuesday.

The terms of the new fundraising were disclosed to investors by Musk’s wealth manager, Jared Birchall, on Tuesday night, the report said.

It could not be determined whether the expected new valuation Birchall shared with investors was pre- or post-money, the report added.