Musk’s Xai Holdings is said to have the second largest private financing round ever

The Elon Musk’s Xai Holdings conversations are taking place to raise $ 20 billion in new financing, which can estimate a set of artificial intelligence and social media at more than $ 120 billion, according to New Bloomberg report He says that the talks are in the “early stages”. If it succeeds, the deal will be the second largest start -up financing round ever, behind Openai only 40 billion dollars raised last month.

This financing can help reduce the large debt burden of X, which costs the company monthly a monthly value of $ 200 million, for all Bloomberg sources, with annual interest expenses that exceed $ 1.3 billion by the end of last year.

Increasing this size would expose the continuous call of the investor in artificial intelligence, as well as the impressive MUSK appearance as a political player at the White House Trump.

Musk is likely to be extracted from some of the supporters who have continued his projects, from Tesla to Spacex, including Antonio Gracias of Valor Equity Partners and Luke Nosek of Gigafund. Gracias has played a role as lieutenant In the government efficiency section of Musk.

Xai did not immediately respond to the comment.