Elon Musk's xAI raises $15 billion in series E round: Report
Elon Musk is out here playing 4D chess with funding announcements—first denying a $10 billion raise in September, then watching CNBC report a $15 billion Series E round, only to tweet that it's 'false' hours later. Nothing says 'we're definitely not raising capital' quite like raising capital while publicly insisting you're not. The man has turned corporate communications into performance art, and investors apparently can't get enough of the drama.
xAI's $15 billion Series E funding round represents a staggering capital infusion that brings the company's valuation to approximately $200-250 billion, making it one of the most richly valued AI startups competing directly with OpenAI and Anthropic. The funds will primarily fuel GPU purchases and expansion of xAI's Colossus supercomputer project in Memphis, Tennessee, which requires 1 million graphics processing units to power its Grok large language model. The round closes in December and comes as the AI sector faces mounting scrutiny over sky-high valuations, massive infrastructure spending, and environmental concerns tied to data center energy consumption.
