xAI, Elon Musk’s AI company, is reportedly getting ready to raise more money from investors. If it succeeds, it could push its value as high as $200 billion, 10 times its valuation from early last year, according to sources in the know. The fundraising is still being discussed and could start next month, becoming the company’s third large share sale in less than two months, as it was able to secure $10 billion via loans and cash investments in July, and $300 million via the sales of shares in a secondary stock offering. Saudi Arabia’s sovereign wealth fund, PIF, will play a large role in the deal If xAI is able to lock in a deal, it would cement a rapid rise in its valuation from the $18 billion set in its “Series B” fundraising in May 2024. According to three people familiar with the process, the new fundraising would target a valuation of between $170 billion and $200 billion. However, they warned that things are still in the preliminary stages, with the details subject to change. Two of the sources also alleged that Saudi Arabia’s sovereign wealth fund, PIF, will potentially play a large role in the deal. The PIF is known to have an indirect stake in xAI via Kingdom Holdings Company, which has invested $800 million in xAI. When xAI acquired X in March for $45 billion, the combined company was valued at $113 billion, a value that would grow to about $245 billion if the latest xAI fundraising goes through. The news of his plans to raise more money for xAI has directed interest towards it, but it is not the only Musk venture that has surged in value recently. SpaceX has as well. Reports claim the rocket and satellite group is getting ready to sell about $1 billion of its shares in a deal that would push its valuation to $400 billion. These developments are coming at a critical time for Musk after his public spat with Trump last month. Musk gets good news after public falling out with Trump All of Musk’s companies initially profited from his link to US President Donald Trump following the November election, which some argue Trump may have lost without Musk’s support. The financial aspect of Musk’s support amounted to more than $250 million for Trump’s campaign. The very public fight triggered concern among investors who expected blowback on some of his businesses. However, the current valuation of his private companies suggests investors have gotten past their initial shock and fears and are now looking past the risks of Trump targeting Musk’s empire. While their spat has cooled off, it is clear they are no longer on the same camp, with Musk even going as far as floating the launch of a third party in America to end what he sees as the tyranny of the democrats and republicans. Update on where has @grok been & what happened on July 8th. First off, we deeply apologize for the horrific behavior that many experienced. Our intent for @grok is to provide helpful and truthful responses to users. After careful investigation, we discovered the root cause… — Grok (@grok) July 12, 2025 Before talk of the upcoming fundraise took center stage, xAI’s Grok made headlines for praising Adolf Hitler and sharing antisemitic rhetoric on X. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage