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Elon Musk’s xAI reportedly looks to raise $300M in tender offer
Billionaire Elon Musk's AI startup, xAI, is reportedly launching a $300 million share sale that values the company at $113 billion.
Billionaire Elon Musk’s AI startup, xAI, is reportedly launching a $300 million share sale that values the company at $113 billion. 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. Shares of Tesla hit a six-month low in early March, while X has experienced numerous lengthy outages.
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