# xAI completed Series C financing of USD 6 billion, with a valuation of over USD 40 billion

On 2024-12-24, according to IT Zhijia, Musk’s xAI announced the completion of Series C financing of USD 6 billion. This round attracted participation from AZ, BlackRock, Fidelity, Kingdom Holdings, Lightspeed Venture Capital, MGX, Morgan Stanley, Sequoia Capital, etc. Nvidia and AMD are strategic investors, and the company’s valuation is over USD 40 billion. Funds will be used to expand computing infrastructure and train new models (16).



Canonical: https://uniquebase.ai/news/936cbab5-ec38-40b3-92b0-fa6d7944192a
Stable identifier: 936cbab5-ec38-40b3-92b0-fa6d7944192a
Snapshot captured: 2026-10-20T18:19:32.670Z
English updated: 2026-10-22T03:15:52.779Z

## Connected profiles

- [xAI](/companies/xai)

## Sources

- https://www.ithome.com/0/819/756.htm