Musk’s SpaceX and XAI to Soar With New Valuation Jumps

SpaceX, owned by Elon Musk, is reportedly set to launch a tender offer in December, aiming to sell existing shares at around $135 each. This move is expected to result in a valuation of over $250 billion for the rocket maker

. Meanwhile, Musk’s artificial intelligence startup, xAI, has reportedly raised $5 billion, leading to a valuation increase of nearly double its previous valuation of a few months ago, which is now estimated at $45 billion.

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