Elon Musk’s xAI in Funding Talks That Could Value Company at $40 Billion

The financing efforts follow that of rival OpenAI, which recently closed a funding round that valued it at $157 billion.

Tech - The New York Times - October 31

Elon Musk's xAI in Talks to Raise Funding Valuing It at $40 Billion

The new fundraising effort would substantially increase startup’s valuation from spring.

Tech - The Wall Street Journal - October 29

Elon Musk's xAI Startup Is Valued at $50 Billion in New Funding Round

The artificial-intelligence company has told investors it raised $5 billion in its latest funding round.

Tech - The Wall Street Journal - 3 days ago

Elon Musk’s xAI startup said to eye funding round, valuing the company at this much

xAI is in talks with investors for a funding round, the Wall Street Journal reported.

Business - MarketWatch - October 29

Musk in funding talks with Middle East investors to value xAI at $45bn

Early discussions include existing backers of artificial intelligence start-up

World - Financial Times - October 31

Elon Musk's companies balloon in value, with one exception

Tech giant Elon Musk has successfully expanded several businesses, bolstering his capital and financial prowess to become the richest person on Earth. But the billionaire entrepreneur has seen a ...

Politics - The Hill - November 16

Elon Musk's xAI raising up to $6 billion to purchase 100,000 Nvidia chips for Memphis data center

Elon Musk's artificial intelligence company xAI is raising up to $6 billion at a $50 billion valuation, according to CNBC's David Faber.

Business - CNBC - November 15

Trump’s victory will benefit Elon Musk and xAI

Now that Musk helped propel Trump to a victory, expect xAI to join in the list of federally approved AI vendors and possibly even preferred AI vendors.

Tech - VentureBeat - November 6

Jeff Bezos, Elon Musk and the Billions of Ways to Influence an Election

The world’s richest men have their own rocket fleets, their own media and their own schemes to succeed with Donald J. Trump.

Business - The New York Times - October 31

Adani Group companies lose $26 billion in market value after U.S. indictment

Adani Group companies lost $26 billion in market cap on Thursday, after the U.S. alleged that founder and chairman Gautam Adani was involved in a $250 million bribery scheme.

Business - MarketWatch - 3 days ago

Elon Musk says Trump's economic plans could cause 'temporary hardship'

Musk, the world's richest person, is a prominent supporter of Trump.

Elon Musk could be the biggest winner of a second Trump term

Elon Musk could reap numerous benefits from a friendly government run by Donald Trump.

What Elon Musk could gain from Trump's second term

Some of the richest men in the world have already become even richer due to President-elect Donald Trump's victory. According to the Bloomberg Billionaires Index, the net worth of Elon Musk, one of ...

How Elon Musk’s and Vivek Ramaswamy’s Government-Slashing Spree Could Backfire

If they’re not careful, they could make the government’s efficiency problems worse.

Top stories - The New York Times - 5 days ago

What Elon Musk could learn from Roosevelt’s Keep Commission

The Keep Commission also offers a few historical warnings to Trump and Musk.

Politics - The Hill - 4 days ago

Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk's electric vehicle company

Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House

Tech - ABC News - November 6

Elon Musk says he and Trump have 'mandate to delete' regulations. Ethics laws could limit Musk role

Choosing billionaire Elon Musk to be what President-elect Donald Trump calls “our cost cutter” for the U.S. government, is not the first time an American president has empowered a business tycoon ...

Tech - ABC News - November 13

Tesla’s stock extends election surge, as Elon Musk is getting $68 billion richer

Tesla’s stock is headed for its best four-day stretch in more than four years, following Donald Trump’s election win.

Business - MarketWatch - November 11

Elon Musk is $70 billion richer since Trump victory due to Tesla stock surge

Tesla's 39% surge since Donald Trump's election victory last week has lifted Elon Musk's net worth by about $70 billion.

Business - CNBC - November 11

Elon Musk is $70 billion richer since Trump victory due to Tesla stock surge

Elon Musk spent $44 billion to buy Twitter, now known as X, and at least $130 million to help get Donald Trump elected president.

Elon Musk's secret talks with Putin ramped up during his Twitter takeover: WSJ report

Tesla and SpaceX CEO Elon Musk has engaged in secret talks with Vladimir Putin since late 2022, The Wall Street Journal reports.

Business - CNBC - October 25

Losing GPS could cost billions, so the Space Force is having companies like Astranis build a backup network

The U.S. Air Force began deploying the Global Positioning System (GPS) nearly 50 years ago, critical infrastructure to both the military and economy.

Business - CNBC - November 1

Valuations at Musk’s SpaceX and xAI set to soar in new deals

Billionaire’s rocket builder plots huge share sale while AI start-up closes in on $5bn funding round

Business - Financial Times - November 15

Elon Musk, Trump allies say his tariff plans could cause short-term pain for consumers

Donald Trump has proposed universal tariffs, which Vice President Kamala Harris attacked, calling the proposal a "Trump sales tax" on American consumers.

Business - CNBC - October 30

How Trump Superfan Elon Musk’s Plan to Cut $2 Trillion in Spending Could Mean Economic Chaos

The GOP candidate has spoken of making the billionaire CEO in charge of a ‘Department of Efficiency,’ but experts warn those dramatic reductions could mean instability and turmoil.

Business - Inc. - October 30

Elon Musk’s Criticism of ‘Woke AI’ Suggests ChatGPT Could Be a Trump Administration Target

If you think the United States is politically divided now, just wait for the AI culture wars.

Tech - Wired - October 30

Elon Musk Could Have US Citizenship Revoked If He Lied on Immigration Forms

The richest man in the world appears to have worked in the US without authorization. According to experts, if he did so and lied about it as part of the immigration process, he could be denaturalized.

Tech - Wired - October 31

Elon Musk’s lawyer says $1M giveaway winners not randomly chosen, raising potential legal issues

Elon Musk's lawyer said in a courtroom Monday that the winners of Musk’s $1 million daily prize giveaway in election swing states are not chosen at random.

How a second Trump term could further enrich Elon Musk: ‘There will be some quid pro quo’

Experts say new government could blunt regulation and appoint officials sympathetic to Musk’s brood of companies. Donald Trump owes his decisive 2024 presidential victory in no small part to the ...

World - The Guardian - November 10

Why one economist says Elon Musk could hold the key to lower mortgage rates

One way the government can address high mortgage rates is to rein in the federal deficit, says the chief economist for the National Association of Realtors.

Business - MarketWatch - November 14

Elon Musk goes to Washington

Billionaire chief of Tesla and X looks set to take up influential adviser role in White House

World - Financial Times - November 12

Elon Musk’s Political Influence

We explore Musk’s agenda and ideology.

Top stories - The New York Times - 6 days ago

The myths that made Elon Musk

The tech billionaire’s backing of Donald Trump is part of a worldview that draws on Silicon Valley’s wildest frontiers

Business - Financial Times - Yesterday

The Columbus Blue Jackets Are Now Valued Over $1 Billion Per Sportico

The Columbus Blue Jackets paid an expansion fee of $80 million to start in 2000.

Sports - Yahoo Sports - October 30

Philadelphia Phillies capital raise values the team at around $3 billion

The Philadelphia Phillies recently raised close to $500 million in capital from three new investors, according to two people familiar with the deal.

Business - CNBC - November 8

Hertz booked a $1 billion charge as the value of its cars dropped

Hertz’s stock slips, but bounces sharply off earlier lows, as $1 billion write-off of car values reflects acceleration of fleet rotation.

Business - MarketWatch - November 12

Mass deportation could cost billions

Bankrolling mass deportation would be costly. It would also require a lot more manpower.

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