SpaceX, xAI Pursue Massive Fundraising at Record Values

Elon Musk's companies, SpaceX and xAI, are each engaged in or rumored to be pursuing major fundraising rounds that could result in record valuations. SpaceX is negotiating a funding round and insider share sale that could bring its valuation to $400 billion, driven by the growth of Starlink and reusable rocket programs. Meanwhile, xAI, which recently merged with X (formerly Twitter) and launched the Grok 4 model, is reportedly seeking a valuation between $170 billion and $200 billion, with potential investment from Saudi Arabia's Public Investment Fund, though Musk has denied the immediate need for new capital. These developments highlight strong investor confidence in Musk-led ventures, despite recent controversies and Musk's public dispute with Donald Trump. Both companies are leveraging technological advancements and expanding revenue streams to lead in the AI and space sectors. The fundraising activities reflect the growing influence and market strength of Musk’s enterprises.