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*I am sharing the valuation changes of Elon Musk’s privately held companies to help everyone systematically track their valuation movements and better understand the underlying development logic.*
*Elon Tribe | Financial Times* *November 19th* *On November 19th, 2025, Elon Musk’s artificial-intelligence startup xAI reportedly entered advanced negotiations to secure $15 billion in equity financing, corresponding to a valuation of $230 billion.*
*If completed, this financing would effectively double xAI’s valuation relative to the approximately $113 billion valuation it held in March, when it announced its merger with X Corp. (formerly Twitter).*
*Meanwhile, xAI is significantly expanding its infrastructure, including the acquisition of land in Memphis, Tennessee, for the construction of a supercomputing facility known as ‘Colossus.’*