Musk's xAI plans a new round of financing, with a target valuation soaring to $200 billion.

According to reports, Elon Musk's artificial intelligence company xAI is preparing for a new round of financing, with the company's valuation potentially reaching 200 billion US dollars, a tenfold increase from the beginning of last year. The financing is currently being discussed and may start as early as next month, making it the company's third large-scale stock offering in less than two months. The company raised $10 billion in July through loans and cash investments, and sold $300 million in stocks through a second stock offering in June. This deal will further solidify the rapid increase in xAI's valuation. In May 2024, xAI was valued at $18 billion in its Series B financing.