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Elon Musk ’s xAI Holdings is in public lecture to arouse $ 20 billion in fresh funding , potentially respect the AI and societal medium combo at over $ 120 billion , harmonize to anew Bloomberg reportthat says talks are in the “ early stages . ” If successful , the deal would be the second - largest inauguration funding around ever , behind only OpenAI’s$40 billion raiselast month .
The financial backing could help relieve X ’s solid debt burden , which is costing the company a thumping $ 200 million monthly in servicing fee , per Bloomberg ’s source , with annual interest expenses exceeding $ 1.3 billion by the conclusion of last year .
A salary increase of this size of it would also showcase AI ’s continued investor appeal and would shine Musk ’s surprising emergence as a political power participant inside President Trump ’s White House .
Musk will likely draw from some of the same angel who ’ve consistently funded his ventures , from Tesla to SpaceX , including Antonio Gracias of Valor Equity Partners and Luke Nosek of Gigafund . Gracias has even taken on a role as alieutenantin Musk ’s Department of Government Efficiency .
xAI did n’t instantly answer to point out .
