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12/6/2023, 3:31 PM (Source: TeleTrader)
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Musk: X.AI not raising money right now

X.AI Corp. founder Elon Musk said on Wednesday that the company is "not raising money right now."

The billionaire made the remark on his social media platform X, seemingly referring to the filing the company had submitted to the United States Securities and Exchange Commission that was unveiled yesterday.

In the document, X.AI specified that is looking to sell a total of $1 billion in shares to raise capital, with four unnamed investors already providing the company with over $134.5 billion in the first funding round.

Baha Breaking News (BBN) / MS