Elon Musk's xAI company is looking to raise $4.3 billion in equity funding, adding onto the $5 billion it's seeking in debt funding.

Elon Musk's xAI company is looking to raise $4.3 billion in equity funding, adding onto the $5 billion it's seeking in debt funding.

The artificial intelligence start-up is seeking to raise US$9.3 billion, with plans to spend over half of it in just the next three months.

Elon Musk's xAI is on track to close on a $5 billion debt raise led by Morgan Stanley, despite tepid investor demand, according to two people familiar with the matter.

U.S.-based AI startups continue to rake in venture funding with multiple companies already raising impressive rounds in 2025.

The investing conglomerate is looking to team up with TSMC on the initiative as SoftBank continues to pour money into AI.