Elon Musk’s xAI Extends $15B Raise, Now Targeting $230B Value

Elon Musk‘s Artificial Intelligence startup xAI has extended the deadline for its Series E funding round to December 19. The company aims to raise $15 billion for a targeted pre-money valuation of $230 billion, according to CNBC’s David Faber. The extension allows investors additional time to secure their allocations.

The new valuation target of $230 billion is higher than earlier reports, which had listed the pre-money valuation at $200 billion. After those reports surfaced, Elon Musk publicly rejected the $200 billion valuation as false on X, his social media platform. Subsequent reporting indicated that xAI is in advanced talks to secure the full $15 billion at the higher valuation.

Retail sentiment around xAI remains optimistic. Discussions about the company have been trending strongly bullish on Stocktwits, even though xAI is not publicly listed and cannot be traded by retail investors. The company and its CEO continue to attract significant attention from investors amid the ongoing fundraising round.

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