Elon Musk’s AI Venture xAI Devours Nearly $8 Billion in First Nine Months

January 9, 2026 – According to internal documents obtained by Bloomberg, Elon Musk’s artificial intelligence (AI) firm xAI is burning through cash at an alarming rate. The company’s heavy investments in data center infrastructure, talent acquisition, and software development have led to soaring losses, all in pursuit of supporting its ambitious humanoid robot project. Data…

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Musk-Backed xAI Hits Jackpot with $20B Series E, Far Exceeding Initial Fundraising Expectations

January 7, 2026 – Elon Musk’s AI startup, xAI, made a significant announcement today, revealing that it has successfully closed a massive 20billionSeriesEfundinground,surpassingitsinitialtargetof15 billion. According to xAI, the round attracted investments from a diverse group of high-profile backers. Valor Equity Partners, Fidelity, and the Qatar Investment Authority (QIA) were among the key institutional investors. Additionally,…

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Musk’s xAI Amasses $10B, Sets Sights on Creating the World’s Most Powerful AI

July 2, 2025 – According to a CNBC post on July 1, Elon Musk has secured a whopping 10billiontofuelhisAIambitionsandintensifythecompetitionwithOpenAI.Thisfundingcomesintheformofa5 billion debt and $5 billion equity combination. Morgan Stanley revealed on the same day that xAI, the AI company led by Musk, has raised a total of 10billionthroughamixofdebtandequity.Specifically,5 billion was obtained via secured notes and term…

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