Musk says hes looking to put proper value on xAI during investor call, sources say

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Tesla CEO Elon Musk attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025. Elon Musk is looking to put "proper value" on his artificial intelligence startup xAI, sources told CNBCs David Faber. The comments came during a call with xAI investors last week, sources familiar with the matter told Faber. While the Tesla CEO didnt explicitly address an upcoming funding round, the sources interpreted the comments as a sign that xAI is getting set up for a significant capital raise in the near future. The sources also said the company discussed revenue at a potential run rate of $1 billion or more on the call.

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