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@gsb
According to a report by the Financial Times, two private companies under Musk will achieve a valuation jump of billions of dollars through new transactions, as investors compete to support the world's richest man's massive business interests. Insiders have revealed that SpaceX, the largest private company in the United States, is preparing to launch a tender offer in December to sell its existing shares at a price of approximately $135 per share. This will give the rocket manufacturer a valuation of over $250 billion, up from around $210 billion in a similar deal earlier this year. Meanwhile, insiders have revealed that Musk's artificial intelligence startup xAI has raised $5 billion in funding, with a valuation of $45 billion, almost double its valuation from a few months ago. Musk and his investors just started discussing last month, so this financing is proceeding at a very fast pace. @tfue
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