PANews reported on November 19 that, according to the Wall Street Journal, sources say xAI is in high-level talks with investors to raise $15 billion, which would value the company at $230 billion.
Sources say that Musk's wealth manager, Jared Burchar, disclosed the terms of a new funding round to investors Tuesday night. CNBC had earlier reported on xAI's funding plans , but Musk denied the report , calling it "untrue."
