Ddos 
In March, the artificial intelligence company OpenAI completed a $40 billion fundraising round, setting a record for the highest single fundraising amount in the industry. Now, Elon Musk’s xAI Holdings is planning to raise $20 billion — a transaction which, if successful, would rank as the second-largest fundraising effort in history.
xAI Holdings serves as the parent company of both the social media platform X (formerly Twitter) and the AI startup xAI. In March 2025, Elon Musk announced that xAI Holdings had fully acquired X/Twitter through a stock transaction, making the platform a wholly owned subsidiary.
Reports indicate that Elon Musk’s xAI Holdings is seeking $20 billion in new funding, valuing xAI at $80 billion and X/Twitter at $33 billion — a figure that includes $12 billion in debt. Should the fundraising succeed, the valuation of X/Twitter would rise to $45 billion, surpassing the $44 billion price Musk paid for the platform in 2022.
Elon Musk emphasized that the futures of xAI and X are deeply intertwined. The two entities are currently integrating their data, models, computing infrastructure, distribution channels, and talent pools. By merging xAI’s cutting-edge AI capabilities and expertise with X’s vast reach and influence, Musk believes the combined group will unlock tremendous potential.
Bloomberg reports that Musk is still in negotiations with prospective investors, with the precise amount and terms of the deal yet to be finalized. There is speculation that the final fundraising amount could exceed $20 billion, further elevating xAI Holdings’ valuation.
For Musk, X’s $12 billion debt remains a significant burden. The platform has already incurred approximately $200 million in debt servicing costs related to the acquisition, with interest payments exceeding $1.3 billion by the end of 2024. Under the new fundraising arrangement, however, potential investors are expected to assume responsibility for the outstanding $12 billion debt, freeing Musk from these financial concerns.
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