A recent investment by BlackRock in Elon Musk’s xAI has garnered significant attention on the X platform. The $600 million investment has led to speculation about potential connections to other related discussions. However, Musk has clarified that BlackRock holds less than 0.5% of xAI’s shares and is just one of many investors.
Investment Details
According to reports, BlackRock’s investment in xAI has sparked debate among users on the X platform. Some have accused the move of being secretly related to other discussions. However, Musk has moved to address these concerns, stating that BlackRock’s stake in xAI is less than 0.5%.
Musk’s Response
In response to the speculation, Musk clarified that BlackRock is just one of many investors in xAI. He emphasized that the investment is not a significant portion of the company’s shares, holding less than 0.5%. This statement aims to alleviate concerns about the nature of the investment.
Separate News: PANews Annual Selection and PARTY AWARD 2025
In separate news, the 5th PANews Annual Selection and PARTY AWARD 2025 is now open for voting. A record number of nearly 300 projects and individuals have entered the voting stage, showcasing pioneers pushing Web3 and Crypto into the mainstream.
Source: Panewslab.com
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