Twitter investors are said to benefit as xAI valuation surges - Breaking The News
Download our appPlay StoreApp Store

Twitter investors are said to benefit as xAI valuation surges

EPA-EFE/ETIENNE LAURENT

Investors in Elon Musk's $44 billion Twitter acquisition are poised to recover significant losses through their stakes in his artificial intelligence company, xAI, according to Financial Times sources on Wednesday.

The media said xAI is nearing a $5 billion fundraising round that would double its valuation to $50 billion in six months and that Musk has granted 25% of xAI's shares to those who supported his Twitter deal, enabling them to benefit from the startup's soaring value. Those who benefited will include key recipients like Fidelity, Larry Ellison, Saudi Prince Alwaleed bin Talal, Jack Dorsey, Sequoia Capital, and Andreessen Horowitz.

For many of these backers, the success of xAI marks a turnaround after enduring unrealized losses from Twitter's controversial takeover.

Related News
Putin's envoy to meet with Musk 'in near future'
Russian Direct Investment Fund (RDIF) CEO Kirill Dmitriev (pictured), who Russian President Vladimir Putin recently named the country's special envoy on international economic and investment cooperation, revealed on Tuesday that a meeting with United States billionaire and entrepreneur Elon Musk is coming "in the near future."Speaking to journalists on the sidelines of the annual Russian Union of Industrialists and Entrepreneurs (RSPP) meeting, Dmitriev stated...
SpaceX to fly Tesla's Optimus to Mars in 2026
Elon Musk confirmed that SpaceX's Starship will travel to Mars at the end of 2026, carrying Tesla's humanoid robot, Optimus, adding that human landings could follow as early as 2029. Musk emphasized that the timeline depends on the success of initial landings. "If those landings go well, then human landings may start as soon as 2029, although 2031 is more likely," he said. He shared the update shortly after his company launched a relief crew for stranded...
Senator Kelly ditches his Tesla
Democratic US Senator from Arizona Mark Kelly took to X on Friday to announce he is getting rid of his Tesla vehicle because he does not want to be driving a car "built and designed by an a**hole.""I bought a Tesla because it was fast like a rocket ship. But now every time I drive it, I feel like a rolling billboard for a man dismantling our government and hurting people. So Tesla, you're fired!" he wrote in the caption of a video posted to his social media platform.This...
DOGE allegedly proposes cutting IRS staf by 20%
The Department of Government Efficiency (DOGE), run by billionaire entrepreneur Elon Musk, has proposed dismissing about 20% of the Internal Revenue Service's (IRS) staff by May 15, CNN reported on Thursday.If imposed, the decision would affect about 6,800 employees and potentially the IRS's operations and people filing voluntary tax compliance. "Depending upon how we effectuate these cuts, it could dramatically reduce revenue, dramatically reduce...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.