- About a year ago, Elon Musk started creating his own AI startup, xAI. He felt that all of his competitors were missing the ultimate goal of creating powerful and fair AI.
- Elon Musk’s xAI has raised “$6 billion in a Series B funding round, reaching a post-money valuation of $24 billion.”
- We have identified a potentially large “backdoor” investment opportunity in this start-up. It’s a stock you’ve probably never heard of before, but we think it could be xAI’s leading supplier of technical components.
Editor’s note: This article was previously published under the title “Monumental Funding Has Elon Musk AI Venture Primed For Takeoff,” but has been updated to include the latest information.
For years, one of the world’s richest men and arguably the most influential technology visionary – Elon Musk – has largely watched the AI boom unfold from the sidelines.
But everything is changing now.
Musk needed to secure up to $6 billion in funding for his new AI startup, xAI. And he has done it.
From xAI’s official blog:
Our $6 billion Series B funding round with participation from key investors including Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, among others.
Apart from the launch of AI chatbot Grok – which many experts say matches ChatGPT pound-for-pound – it’s been mostly quiet since xAI was founded.
But this $6 billion funding round could change that dramatically.
Of course, the thing about companies that change the world is that they start with people who change the world. These people have revolutionary ideas. And when they’re funded with billions of dollars, they turn those ideas into companies that change the world.
After all, Apple ( AAPL ) only became what it is today thanks to Steve Jobs, who came up with the idea of the iPhone. Jobs then used the huge amount of money Apple made from its computers to create the iPhone. And voila… Apple became a trillion dollar company.
Similarly, Microsoft ( MSFT ) grew into a tech titan because of Bill Gates who came up with the idea of Windows. Gates used the money Microsoft made from its computers to further develop Windows. And it made it possible for Microsoft to become a trillion dollar company.
These 7 stocks can be doubled (or tripled)
Legendary investor Eric Fry has been right about many stock picks. 41 recommendations that increased by over 1000% . Another 20 that rose more than 500% .
He is good.
So if he publishes a list of 7 companies he expects to win big , you can’t afford to miss it.
World-changing people with abundant resources create world-changing companies.
So… if you want to invest in companies that are changing the world… start with the people who are changing the world gathering the necessary resources to realize their visions.
That is exactly the situation we have with Elon Musk and xAI today.
Invest in a world changer like Elon Musk
We definitely believe that Elon Musk is a world changer.
He co-founded PayPal ( PYPL ), the world’s largest digital payment platform, which is now worth nearly $70 billion…
And SpaceX , the world’s largest private space rocket company, which is now worth around $180 billion.
He was a pioneer for one of the world’s largest car manufacturers in Tesla ( TSLA )…
And he’s also the man behind Neuralink , The Boring Company and X.
Musk has influenced how we pay for things, which cars we drive, how we communicate online, how we see space…
I would venture to say that he is one of the most influential business figures of the last 20 years.
A good example of changes in the world.
And now this world changer has not only turned his focus to a new business venture at the heart of perhaps the most transformative technology the world has ever seen.
Would you bet against him here?
I don’t think so, I would.
Final words about xAI Stock
As we mentioned earlier, xAI has already launched its own impressive AI chatbot. And it did so with very little external funding. Imagine what Musk and company will be able to do with $6 billion in outside funding.
When all is said and done, xAI may be Elon Musk’s biggest venture yet—his signature mark on the world, if you will.
And right now you have the opportunity to invest in xAI before this company launches.
Now, it is not a direct investment in itself. After all, XAI is barely a year old. It’s still a private startup, which means you can’t buy the shares anywhere.
But we have found a potentially huge “backdoor” investment in xAI. It’s a stock you’ve probably never heard of before—but we think it could be the leading supplier of technology components to this budding AI titan.
If xAI wins the multi-trillion dollar AI race… and Elon Musk does it again… then this stock could soar.
