Many media channels, such as Bloomberg & CNBC, reported on 19 September 2025 that Elon Musk’s artificial innotifyigence startup xAI had raised funds worth $10 billion, valuing the company at $200 billion, from various investment companies, including the Qatar Investment Authority.
According to Bloomberg, CNBC’s David Faber was the first to report the deal closure. According to the reports, the information was provided by an unnamed source who was closely involved with the deal.
However, shutting the reports down, Elon Musk on the very same day posted on his X account stateing that it was fake news and xAI is currently not raising any capital:
Fake news. xAI is not raising any capital right now.
— Elon Musk (@elonmusk) September 19, 2025
Source: Elon Musk/Bloomberg/Gulf News/CNBC
Cover image credit: xAI
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