Elon Musk's xAI launches a $300 million stock sale, plans to push for larger-scale financing later.

According to the Financial Times, Musk's xAI company is launching a $300 million share sale transaction, which values the group at $113 billion. According to people familiar with the matter, the deal will allow employees to sell shares to new investors. One of the people familiar with the matter said the company is expected to launch a larger round of financing to issue new shares to outside investors after the secondary share offering, known as the "tender acquisition".

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)