CNBC November 25, 2025
Key Points
– Elon Musk’s artificial intelligence startup xAI is expected to close $15 billion in funding in December at a $230 billion pre-money valuation, sources told CNBC.
– The latest news confirms earlier CNBC reporting, which Musk later called “False” in a post on social media platform X.
– Rival AI companies OpenAI and Anthropic have also seen their valuations skyrocket as demand for their large language models soars.
Elon Musk’s artificial intelligence startup xAI is expected to close a $15 billion round at a $230 billion pre-money valuation next month, sources familiar with the matter told CNBC’s David Faber.
The deadline for allocation is the end of day on Tuesday, with the round expected to close on Dec....
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