xAI Launches $300M Secondary Offering, Eyes Further Fundraising
On June 2, Elon MuskDealroom has a profile for this one. Try Dealroom →’s AI venture, xAI, initiated a $300 million secondary share sale, valuing the company at $113 billion. The tender offer enables employees to sell existing shares to new investors and reflects the valuation set during xAI’s acquisition of social media platform X (formerly Twitter) in March 2025.
The sale is expected to precede a larger funding round, in which xAI plans to issue new equity to external investors. In parallel, the company is pursuing a $5 billion financing package via loans and high-yield bonds, with Morgan StanleyDealroom has a profile for this one. Try Dealroom → leading the process.
Since its launch in 2023, xAI has advanced rapidly in the AI space, unveiling the Grok chatbot and developing Colossus, one of the largest supercomputing clusters in the U.S. Partnerships with Microsoft and Telegram have further boosted its reach and integration into broader tech ecosystems.
This secondary offering highlights growing investor confidence in xAI’s strategy to combine AI development with digital platform integration, as it strengthens its position in the global AI race.
Source:
A.M.
