According to a report by the Financial Times, Elon Musk's artificial intelligence startup, xAI, is launching a stock sale plan worth $300 million. This plan is believed to be conducted in the secondary market, aimed at allowing company employees to sell their shares to new investors. The valuation of this stock sale reached $113 billion (approximately RMB 813.67 billion), highlighting the high level of market attention on xAI.
Previously, xAI acquired Musk's social media platform X for $33 billion. This stock sale not only provides financial support for the company but may also pave the way for future larger-scale financing rounds. Sources familiar with the matter revealed that xAI plans to sell new equity to external investors in upcoming financings to further drive the company's development.
At present, Musk seems to be shifting his focus from political affairs to the operation of his various enterprises. In the past period, due to his involvement in political activities in Washington, the operations of some of his companies have experienced fluctuations. For example, Tesla's stock price fell to its lowest point in six months in early March this year, while the X platform also experienced multiple long-term outages. Meanwhile, xAI faces some challenges; the upgraded version of its flagship AI model "Grok" has repeatedly failed to launch as scheduled.
The initiation of this stock sale plan may inject new vitality into xAI, helping it overcome current difficulties and provide financial security for future development. Although xAI's future still holds challenges, the fundraising of this capital undoubtedly lays the foundation for the company's long-term development.
Key Points:
🌟 xAI launches a $300 million stock sale plan, with a valuation reaching $113 billion.
💼 The stock sale allows employees to sell their shares to new investors, paving the way for future financing.
🚀 Musk shifts his focus from the political arena to enterprise operations to address current challenges.
