GERMANY] Elon Musk’s XAI Holdings is in talks with investors to raise roughly US$20 billion in funding for his newly combined artificial intelligence (AI) startup and social media business, according to people familiar with the matter.

Even as Musk’s work at the Department of Government Efficiency appeared to consume him, his top adviser created a set of companies named Red Planet I, II and III.

Elon Musk's company xAI has acquired X, the social media platform formerly known as Twitter, for $33 billion. Other business ventures he's expanding in 2025 include the launch of X Money, a