Elon Musks xAI reportedly looks to raise $300M in tender offer | TechCrunch

Image for article Elon Musks xAI reportedly looks to raise $300M in tender offer | TechCrunch
News Source : TechCrunch

News Summary

  • Elon Musk's AI startup, xAI, is reportedly launching a $300 million share sale
  • The secondary stock offering comes after xAI acquired Musk’s social media platform, X
  • The tender offer will likely precede a larger investment round in which xAI will offer new equity to outside backers
Billionaire Elon Musks 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 [+634 chars]

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