xAI Latest News: Valuation Surpasses $100 Billion, Grok Reaffirms It Will Not Launch a Token

Musk’s artificial intelligence company xAI has launched a $300 million employee stock sale with a valuation of $113 billion, setting a new record for funding in AI startups. Among this, xAI’s core valuation reaches $80 billion, while the social platform X (formerly Twitter) is valued at $33 billion, creating a synergy of resource integration.

At the same time, the meme coin with the same name, XAICorp (XAI), saw its price surge by 107% within 24 hours, with a single-day trading volume reaching up to $940 million. Musk quickly responded: “It is very clear that none of my companies will create any cryptocurrency tokens.”

$100 billion valuation and financing dynamics

xAI’s latest valuation reached $113 billion, initiating a $300 million financing through equity sales, allowing investors to purchase employee shares. If a larger scale financing is completed subsequently, the valuation may exceed $120 billion.

This valuation scale is second only to OpenAI’s $300 billion, making it the second largest AI enterprise valuation in the world. Its strategic positioning is becoming increasingly clear: sharing computing power resources with the X platform, focusing on three major business lines: xAI, X, and Tesla.

Elon Musk plans to merge xAI with the social platform X and is in talks with investors for approximately $20 billion in funding, which would be the second-largest funding round for a startup in history.

Grok: A Dual Revolution of Humor and Real-Time Information

xAI officially opens early testing for the chatbot Grok, with Musk claiming that its core design is “to be more humorous in responses.”

Compared to competitors like ChatGPT, Grok has a unique advantage: deep integration of real-time information streams from platform X. When users inquire about the trial progress of FTX founder SBF, Grok details in a gossip tone the establishment of his fraud charges and the possible 110-year prison sentence he may face.

After testing is completed, Grok will be available to all X Premium+ subscribers, providing a seamless AI experience for social platform users.

The firm stance of not issuing coins and its impact on the market

In the face of the explosive growth of the similarly named Meme coin, Musk quickly distanced himself on social media. This continues his consistent stance - in August 2024, he publicly stated that the X platform would never launch a cryptocurrency.

Despite speculation in the market about using blockchain to issue tokens, Musk prefers to build ecological value using Web2 methods. This attitude has not dampened capital enthusiasm, and the xAI technology layout is still accelerating.

Technical layout and strategic synergy

To support products like Grok, xAI is building a large AI data center comparable to OpenAI. Musk emphasized that xAI is “the strongest in certain important aspects of contemporary times,” hinting at its technological differentiation advantage.

Its core strategy is to connect data, computing power, and application loops: the X platform provides real-time data and user scenarios, Tesla contributes hardware and vertical domain requirements, while xAI focuses on model development.

X platform account name market plan

As an ecological collaborative action, the X platform plans to release 1.5 billion account names occupied by robots and establish a paid trading market. According to reports, the platform will send bidding emails to potential buyers, with a purchase threshold of 50,000 dollars. This plan was initiated in November 2022, and by May 2025, it has started to clear inactive accounts.

Against the backdrop of Musk completing a $650 million financing for his brain-machine interface company Neuralink, xAI is positioned as a core component of the future technology puzzle. As OpenAI sets the industry ceiling with a $300 billion valuation, xAI is carving out a new battlefield in the competition among giants with a valuation of hundreds of billions, real-time data, and the fusion of humorous AI.

And that statement of “no issuance of coins” serves as a clear boundary, cutting through the fog of technological innovation and crypto speculation.