X.AI filed a SEC application to attract investments of up to $1 billion

Dec 06, 2023
According to a SEC report, X.AI with the support of Tesla CEO and X owner Elon Musk, plans to raise up to $1 billion in shares.
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Currently, the company has already sold securities worth $134.7 million. The minimum investment accepted from any investor is $2 million.

Let us remind you that the startup X.AI was registered in April 2023. The official document reveals that Elon Musk is the chief executive of X.AI. Also listed as executive director is Jared Birchall, a former executive at Goldman Sachs, Merrill Lynch and Morgan Stanley.