July 14, 2025 – According to a recent report from The Wall Street Journal, Elon Musk’s SpaceX has inked a deal to pour $2 billion into xAI, a move that accounts for nearly half of the latter’s latest equity financing round. It’s also hinted that more agreements could be on the horizon between the two companies.
On the previous day, Bloomberg revealed that xAI was in the midst of negotiating a new funding round, with its valuation potentially soaring as high as $200 billion.
It’s understood that xAI has just wrapped up a 10billionfinancinground,splitevenlybetweendebtandequity.Now,thecompanyispressingaheadwithplanstosecureanadditional10 billion. If xAI manages to achieve the $200 billion valuation, the new entity formed by the merger of X and xAI would catapult into the ranks of the world’s most valuable private companies.
However, Musk took to X on the same day to refute the financing rumors, stating, “xAI is not currently seeking funding. We have ample financial resources.” Representatives from xAI did not immediately respond to requests for comment.
