Catenaa, Monday, March31, 2025- Elon Musk has sold social media platform X to his artificial intelligence firm xAI in an all-stock deal, valuing xAI at $80 billion and X at $33 billion, the billionaire announced Friday. The move comes as Musk faces renewed legal pressure after a U.S. judge rejected his bid to dismiss a […]
Catenaa, Friday, June 20, 2025- Google, Microsoft, and Elon Musk’s xAI are reportedly ending or scaling back their business relationships with AI data-labeling startup Scale AI following Meta Platforms’ acquisition of a 49% stake in the company. The deal, which values Scale AI at $29 billion, has triggered concerns among major tech players about sharing […]
Catenaa, Monday, June 02, 2025- Elon Musk’s xAI is launching a $300 million share sale that values the group at $113 billion, The Financial Times reported on Monday. The report quoting sources said the deal will allow staff to sell shares to new investors, validating the pricetag struck when Musk’s xAI start-up acquired his social […]
Catenaa, Tuesday, June 17, 2025- Elon Musk’s artificial intelligence startup xAI is in talks to raise $4.3 billion through an equity investment on top of the $5 billion debt funding plan, Bloomberg reported on Tuesday. Citing information the company shared with investors who asked not to be identified, Bloomberg’s report said that xAI, which is […]
Catenaa, Thursday, June 19, 2025- Elon Musk’s artificial intelligence startup xAI is set to raise $5 billion through a complex debt offering led by Morgan Stanley, despite lukewarm interest from major investors and heightened risk premiums, according to sources familiar with the transaction. The debt package includes a floating-rate term loan, a fixed-rate loan, and […]
Catenaa, Thursday, May 29, 2025-Telegram is seeking to raise $1.5 billion through a bond issuance, just days after securing a $300 million partnership deal with Elon Musk’s artificial intelligence firm xAI, according to the Wall Street Journal. The bond offering will reportedly include contributions from existing backers BlackRock and Abu Dhabi’s Mubadala, with Citadel expected […]