Elon Musk.Allison Robbert/Getty ImagesRecent filings show that Fidelity once again boosted the valuation of its stakes in X and xAI.It was the third month in a row that the valuations of these two Musk companies rose.xAI recently raised $6 billion in new funding, with participation from Fidelity.Fidelity has lifted its valuation of two Elon Musk-controlled tech companies even higher, according to recent filings.This was the third month in a row that the mutual-fund giant raised the value of its stakes in xAI and the social-media platform X, the filings show.The Fidelity Blue Chip Growth Fund valued its xAI shares at $79,857,865 at the end of November, a monthly report posted at the end of December said.
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sstokes@insider.com (Samantha Stokes), Business Insider
Mon, 12/30/2024 - 2:02pm
Topics: allison robbert/getty imagesrecent elon september 152,000.however a16z blackrock kingdom holding lightspeed december 23.it 185,614.musk donald trump business insider musk fidelity blue chip growth fund november december trump valuation xai higher filings shares valued increase billion october deal stake tech stakes companies raised month social-media funding investors report platform
BING NEWS:
- Fidelity lifts valuation of Elon Musk's X and xAI even higher
Fidelity has boosted its valuation of the two Musk startups for the third month in a row, according to recent filings.
12/30/2024 - 8:02 am | View Link - Elon Musk’s xAI lands $6B in new cash to fuel AI ambitions
Nevertheless, the deals — and xAI’s developer and consumer-facing products — have driven xAI’s revenue to around $100 million a year. For comparison, Anthropic is reportedly on pace to generate $1 ...
12/26/2024 - 4:07 am | View Link - Elon Musk's xAI raises $6 billion to build even more powerful AI supercomputers — Nvidia, AMD contribute to funding round
Elon Musk's xAI has raised $6 billion in its latest funding round, pushing its total capital raised to $12 billion at a valuation of $50 billion, reports TechCrunch. The round, which involved 97 ...
12/25/2024 - 3:06 am | View Link - Elon Musk’s xAI raises $6B to bolster battle against OpenAI: ‘Gonna need a bigger compute!’
Elon Musk’s artificial intelligence startup xAI revealed that it raised $6 billion in its latest funding round as the startup continues to ramp up in its battle against bitter rival OpenAI.
12/24/2024 - 5:16 am | View Link - Elon Musk's xAI raises $6 billion in fresh funding: 'We are gonna need a bigger compute!'
Elon Musk's xAI, the startup behind the Grok chatbot and Colossus supercomputer, raised $6 billion in a Series C funding round.
12/23/2024 - 9:52 pm | View Link - More
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