Elon Musk’s xAI reportedly looks to raise $300M in tender offer

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Here’s a structured list based on the information provided:

Funds

  • Share Sale Amount: $300 million

Investors

  • New Investors: Details not specified; presumably potential investors interested in acquiring shares from staff.

Startup

  • Name: xAI

Founders

  • Founder: Elon Musk

Fundraise Series

  • Current Activity: Secondary stock offering (tender offer)
  • Future Activity: Larger investment round anticipated

Date

  • Reported Activity Date: No specific date provided for the share sale, but context implies recent months, mentioned updates as of early March 2025.

Notable Transactions

  • Acquisition: xAI acquired Musk’s social media platform, X, for $33 billion.

Additional Context

  • The valuation of xAI is mentioned as $113 billion.
  • There are mentions of challenges faced by Musk’s other companies, like Tesla and X, during this period.

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2025-06-02 17:50:52