02:32 PM EDT, 06/17/2025 (MT Newswires) -- Elon Musk's startup xAI is in discussions with investors for an equity investment of $4.3 billion, Bloomberg reported Tuesday, citing information that the startup shared with investors.

xAI is seeking more funds as it has already spent most of what it raised earlier, according to the report.

The company raised $14 billion through equity fundraising and had only $4 billion on its balance sheet as of March 31, the information reportedly showed.

xAI offered to amend debt documents to address investor concerns by making it more difficult for the company to shift assets and setting a ceiling for secured debt, the report said, citing people familiar with the matter.

xAI did not immediately respond to MT Newswires' request for comment.

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