x.AI
This company is in the pipeline of America 2030, IPO CLUB’s $50M, actively managed secondary fund focused on U.S. defense, energy, security, and AI.
What is xAI?
xAI (X Corp AI) is an artificial intelligence company founded by Elon Musk, focused on developing explainable and safe AI that aligns with human values and advances scientific discovery.
What is xAI doing?
xAI is building next-generation AI models to compete with OpenAI, Google DeepMind, and Anthropic, with a strong emphasis on truthful, transparent, and aligned AI systems. Their flagship model, Grok, is integrated into X (formerly Twitter) and designed to enhance real-time information processing.
xAI Industry Sectors
Artificial Intelligence (AI)
Defense & National Security
Cybersecurity & Information Warfare
Enterprise Software & Automation
What is the opportunity?
xAI is positioned at the forefront of the AI revolution, leveraging Elon Musk’s ecosystem (X, Tesla, SpaceX) to build a highly scalable and independent AI alternative to OpenAI and Google DeepMind.
With U.S. national security interests prioritizing domestic AI development, xAI is well-aligned with government-backed funding, defense applications, and critical infrastructure needs. The integration of AI into defense, cybersecurity, and enterprise automation presents a massive market opportunity, with xAI uniquely positioned to capitalize on the demand for secure, transparent, and truth-focused AI models.
As AI adoption accelerates across industries, xAI’s approach to explainability and real-time integration with X provides a differentiated edge, making it a high-growth investment in the rapidly evolving AI landscape.
xAI Stock
a. Headquarters
Palo Alto, California, USA
b. Year Founded
2023
c. Office Locations
Palo Alto, CA (Headquarters)
Potential presence across X (formerly Twitter) offices and Tesla/SpaceX ecosystems
d. Employee Count
Estimated 100-150 employees (rapidly growing)
e. Key Leadership
Elon Musk – Founder
Igor Babuschkin – AI Researcher, ex-DeepMind & OpenAI
Manuel Kroiss – AI Engineer, ex-DeepMind
Guodong Zhang – Machine Learning Engineer, ex-Tesla
Christian Szegedy – AI Researcher, ex-Google Brain
Who Owns xAI?
Elon Musk is the primary founder and CEO of xAI. He also leads companies like Tesla, SpaceX, Neuralink, and The Boring Company.
The founding team includes 12 members, many of whom are former researchers from Google, DeepMind, and OpenAI.
Musk owns approximately 42% of xAI, with other stakeholders including investors and employees.
Is xAI Publicly Traded?
No, xAI is not publicly traded. The company remains privately held as of June 2025, though there are indications it may go public in the coming years.
Recent Funding Rounds
xAI raised $6 billion in a Series C funding round in December 2024, following a $6 billion Series B round in May 2024.
Despite its private status, xAI continues to attract substantial investment. The company is currently seeking to raise $20 billion at a valuation exceeding $120 billion. This follows a successful $6 billion Series C funding round completed in December 2024, which included prominent investors such as Andreessen Horowitz, BlackRock, Morgan Stanley, and sovereign wealth funds from the Middle East. Additionally, Morgan Stanley is marketing $5 billion in debt financing for xAI, offering both floating and fixed-rate options to institutional investors.
IPO Timeline Speculation
While no official IPO timeline has been announced, there are growing indications that xAI may pursue public markets in the near future. X CEO Linda Yaccarino stated that the company expects to eventually return to a US stock exchange through an IPO of its parent company xAI.
Two fellow, undisclosed xAI investors suggested that a listing could occur as soon as late 2026 or the first half of 2027, though they acknowledged the timing remains uncertain. However, a third investor expressed skepticism about this timeline, noting that their firm is not currently modeling an exit in that timeframe.
Key Investors
BlackRock, Fidelity, Sequoia Capital, Andreessen Horowitz (a16z), and Valor Equity Partners are among the major investors in xAI's recent funding rounds.
Regional investors such as the Qatar Investment Authority, Oman Investment Authority, and Saudi Arabia's Kingdom Holding have also participated in funding rounds.
NVIDIA and AMD support xAI's infrastructure development.
This company is in the pipeline of America 2030, IPO CLUB’s $50M, actively managed secondary fund focused on U.S. defense, energy, security, and AI.
Can You Invest in xAI?
Despite being private, there are limited ways for qualified investors to access SpaceX shares. Accredited investors can purchase SpaceX stock through early investors such as IPO CLUB.
Stock price source: IPO CLUB Valuation at Market© - Become a member for in-depth coverage
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