Musk’s xai holdings seeks $20b funding, aiming for $120b valuation, marking the second-largest private raise; funds to ease x’s $200m monthly debt obligations

Elon Musk’s xAI Holdings is reportedly seeking to raise $20 billion at a valuation exceeding $120 billion. If successful, this would be the second-largest private funding round ever, serving to address X’s $200 million monthly debt servicing costs.

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