Elon Musk Shuts Down $10B xAI Funding Rumor

[cryptohog]

Elon Musk has publicly denied reports that his AI company xAI raised $10 billion at a $200 billion valuation.

The Tesla and SpaceX CEO responded directly on X, writing: “Fake news. xAI is not raising any capital right now.”

This contradicts CNBC’s report, which suggested new funding would more than double xAI’s July valuation of $75B and place it among the world’s most valuable startups—just behind OpenAI, Bytedance, and SpaceX.

While speculation tied the rumored capital to GPU-heavy data center expansion, Musk’s swift denial shows xAI is not currently seeking external cash.

[jacson4]

Musk calling “fake news” No $10B raise for xAI (at least not yet)

[Nahid10]

From $75B to $200B in rumors AI valuations are getting wild