Tesla Inc., SpaceX Corp., and X.AI Corp. (xAI) Chief Executive Officer (CEO) Elon Musk had a call with investors in the latter company last Wednesday in what was seen as an effort to set ground for a capital raise, CNBC reported on Monday.
According to sources familiar with the matter, Musk is seeking to determine a "proper value" of the firm.
The allegations came after the social network X, once Twitter, merged with xAI. Previously, the platform was said to have raised nearly $1 billion in new equity funding.
