Elon Musk's AI company xAI to raise $5.3 billion through bond and stock sale
Bloomberg, a financial newspaper, reported that xAI has begun issuing $5 billion (approximately 716 billion yen) of bonds through Morgan Stanley, with a due date of Tuesday, June 17, 2025. xAI will also sell $300 million (approximately 43 billion yen) of stock at the same time, raising a total of $5.3 billion (approximately 759 billion yen).
Musk Taps Investors for Billions Days After Washington Exit - Bloomberg
xAI Launches $5 Billion Debt Sale and $300 Million Share Sale
https://www.pymnts.com/news/artificial-intelligence/2025/xai-launches-5-billion-dollar-debt-sale-share-sale/
Elon Musk led the Department of Government Efficiency (DOGE) in the Trump administration, but retired as a special government employee at the end of May 2025 and left the administration.
Elon Musk announces departure from Trump administration, defends DOGE's mission to cut wasteful government spending - GIGAZINE
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Prior to leaving the administration, Musk has indicated his intention to focus on X, xAI, Tesla, and SpaceX.
After a fire broke out at a data center owned by X (formerly Twitter), a large-scale outage occurred around the world, and Elon Musk said he needed to focus on 'X, xAI, and Tesla' and make major improvements to X's operations - GIGAZINE
xAI acquired the company 'X' (formerly Twitter) in March 2025, and its enterprise value was reported to be $80 billion (approximately 11.4 trillion yen).
Musk has established 'xAI Holdings' by integrating xAI and X, and said that he is training AI in a data center called 'Colossus' in Memphis, Tennessee, with 200,000 GPUs. The funds raised from this bond issue and stock sale are expected to be used for investment in 'Colossus' and other purposes.
Colossus | xAI
https://x.ai/colossus
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