xAI Raises $20 Billion at $250 Billion Valuation, Pushing Musk Near $800 Billion

Overview

• xAI’s new funding values the company at $250 billion, more than doubling the roughly $113 billion figure cited when it was combined with X in March 2025.
• Musk’s 49% stake in xAI is now estimated at $122 billion, lifting his total net worth to about $780 billion and placing him roughly $20 billion from the $800 billion mark.
• Internal records reviewed by Bloomberg show xAI burned $7.8 billion in the first nine months of 2024 and reported a $1.46 billion net loss by September, with quarterly revenue at $107 million.
• Ashley St. Clair filed a lawsuit alleging xAI’s Grok generated fake explicit images of real women without consent.
• Musk has integrated Grok across his companies, with the chatbot on X and in Tesla vehicles, while early investors saw gains including Prince Alwaleed’s 1.6% stake valued near $4 billion and Jack Dorsey and Larry Ellison’s roughly 0.8% stakes at about $2.1 billion each.