03:17 PM EDT, 04/28/2025 (MT Newswires) -- Elon Musk's XAI Holdings is holding talks with investors to raise $20 billion in funding in the next few months for the newly combined artificial-intelligence startup and social media company, Bloomberg reported Friday, citing people familiar with the matter.

The company would be valued at $120 billion, one person said, according to the report.

The new funding may be used to pay some debt taken on by Musk in shifting Twitter, now X, into a private company, one of the people said, according to the report.

The talks are in the early stages, the report said.

XAI Holdings didn't immediately respond to a request for comment from MT Newswires.

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