xAI has grown rapidly- the company was started in 2023, and raised $6 billion from investors in December, valuing xAI at $35-$40 billion

I reported in December that Saudi Prince Alwaleed’s Kingdom Holding had invested $800 million in Elon Musk’s xAI

#Musk #ElonMusk #XAI #xcom #PrinceAlwaleed #KingdomHolding

https://newstracs.com/saudi-prince-alwaleed-kingdom-holding-put-800-million-in-musks-xai/2024/12/28/

Prince Alwaleed's Kingdom Holding had a stake worth $1.9 billion when Musk bought Twitter in 2022 - a stake now worth approx $262 million per my analysis of Kingdom Holding filings. With the $800 million invested in xAI, Kingdom Holding appears to have over $1 billion invested in Musk's businesses.

#musk #elonmusk #xai #PrinceAlwaleed
#kingdomholding

https://newstracs.com/saudi-prince-alwaleed-kingdom-holding-put-800-million-in-musks-xai/2024/12/28/