Elon Musk's xAI plans a new round of financing, with a target valuation soaring to $200 billion.

[Musk's xAI is planning a new round of financing with a target valuation soaring to $200 billion] According to the Financial Times citing informed sources, Elon Musk's artificial intelligence company xAI is preparing a new round of financing, with the company's valuation potentially reaching $200 billion, a tenfold increase compared to early last year. This financing is under discussion and could officially start as soon as next month, marking the company's third large-scale stock issuance in less than two months. The company raised $10 billion in July through loans and cash investments, and sold $300 million in stock through a secondary issuance in June. This deal will also consolidate xAI's rapid rise in valuation. In May 2024, xAI's valuation in the "B round" financing was $18 billion.