PANews reported on November 15 that according to the Financial Times, the valuations of Elon Musk's two private companies, SpaceX and xAI, will rise sharply due to new financing. SpaceX plans to conduct a round of stock sales in December, with an estimated price of about $135 per share, and a valuation of more than $250 billion; while xAI raised $5 billion in a new round of financing, with a valuation of nearly $45 billion, almost double that of a few months ago.
xAI's current round of financing has been oversubscribed, and investors include those who have previously supported the company. Sources said that xAI may conduct its next round of financing in the first quarter of next year, when its valuation may be as high as $75 billion. xAI is also building a supercomputing cluster called "Colossus" in Memphis, which has 100,000 graphics processing units (GPUs) to support the development of its AI tools.