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Elon Musk’s xAI reportedly looks to raise $300M in tender offer

2 June 2025
in Technology
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Elon Musk’s xAI reportedly looks to raise 0M in tender offer
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Billionaire Elon Musk’s AI startup, xAI, is reportedly launching a $300 million share sale that values the company at $113 billion.

According to The Financial Times, the secondary stock offering, which comes after xAI acquired Musk’s social media platform, X, for $33 billion, will allow staff to sell shares to new investors.

The tender offer will facilitate this transaction, reflecting xAI’s growing influence in the tech industry and its strategic financial maneuvers following recent acquisitions.

Full Article

Tags: 300mElonElon MuskIn BriefMusksofferRaiseReportedlytenderXxAI
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