Musk’s SpaceX and xAI to Soar with New Valuation Jumps

SpaceX, owned by Elon Musk, is reportedly set to launch a tender offer in December, aiming to sell existing shares at around $135 each. This move is expected to result in a valuation of over $250 billion for the rocket maker

. Meanwhile, Musk’s artificial intelligence startup, xAI, has reportedly raised $5 billion, leading to a valuation increase of nearly double its previous valuation of a few months ago, which is now estimated at $45 billion.

Source

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *