US Edition
Elon Musk’s xAI raises $10 billion in debt and equity as it steps up challenge to OpenAI
- Elon Musk's AI startup xAI completed a $10 billion raise in debt and equity as of July 1, 2025, to boost its AI development.
- XAI secured $5 billion in debt through oversubscribed secured notes and term loans led by Morgan Stanley amid tepid investor demand.
- The equity raise of $5 billion supports xAI's Grok AI platform, data center expansion, and installation of 200,000 GPUs at its Memphis facility.
- Musk described Grok as a "maximally truth-seeking" and "anti-woke" AI, aiming to differentiate it from competitors like OpenAI and Anthropic.
- This funding strengthens xAI's position in the intensifying AI industry race, with discussions ongoing to raise up to $20 billion, possibly valuing xAI above $120 billion.
50 Articles
50 Articles
xAI raises $10bn in debt and equity to bolster AI initiatives - Overpasses For America
raise approximately $20bn in equity, potentially valuing the company at more than $120bn. Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or speciali…
DECRYPTAGE - The publisher wants to stay in the race against OpenAI, Google or Anthropic. Yet his Grok family of models struggles to find its place in companies.
Elon Musk's xAI Raises $10B As Trump Threatens To Unleash DOGE On Him
Elon Musk's xAI Raises $10B As Trump Threatens To Unleash DOGE On Him Authored by Amin Haqshanas via CoinTelegraph.com, Elon Musk’s artificial intelligence firm xAI secured $10 billion in fresh capital, doubling down on its challenge to OpenAI as the race to dominate the AI landscape intensifies. The funds were evenly split between secured debt and strategic equity investments. The influx gives xAI more resources to expand its Memphis-based Colo…
Coverage Details
Bias Distribution
- 56% of the sources are Center
To view factuality data please Upgrade to Premium
