XAI Holdings, backed by Elon Musk, in talks to raise $20bn, potentially valuing conglomerate at $120bn.

From Yahoo Finance: 2025-04-28 05:49:00

XAI Holdings, backed by Elon Musk, is in talks to raise $20bn in funding, potentially making it the second-largest startup round ever. The deal could value the conglomerate at over $120bn, with aims to reduce debt from Musk’s acquisition of Twitter, now rebranded as X. Negotiations are ongoing.

Read more: XAI Holdings in talks to raise $20bn