xAI in Talks to Raise $15 Billion at $230 Billion Valuation

xAI, the artificial‑intelligence startup founded by Elon Musk, is reported to be in advanced negotiations to raise $15 billion in fresh equity funding at a valuation of around $230 billion. The figure would more than double its valuation from approximately $113 billion earlier in 2025. The financing round comes amid xAI’s aggressive push to build out large‑scale AI infrastructure, including a planned Colossus supercomputer in Memphis and expanded data‑centre footprint, positioning it as a serious rival to other major AI players.