PANews reported on May 24 that, according to Bloomberg, sources revealed that Musk's AI company xAI will complete a round of financing in June, with a post-financing valuation possibly exceeding $24 billion.

The company was originally scheduled to complete approximately $6 billion in financing earlier this month, but the deal, which began last year, has yet to be finalized. Sources indicated that recently, the company has been seeking up to $6.5 billion in financing and plans to approach this target in the coming weeks.