[Elon Musk's xAI has a post-investment valuation of $24 billion] On May 28, according to Reuters, Musk's AI company xAI was valued at $24 billion after the latest round of financing. Previously, on May 27, xAI completed a $6 billion Series B financing, with Valor Equity Partners, Vy Capital, Andreessen Horowitz (a16z), Sequoia Capital, Fidelity Management and Research Company, Prince Alwaleed Bin Talal and Kingdom Holding participating in the investment.
