Bloomberg has learned about investments of up to $20 billion in Musk's new startup

Elon Musk's startup in the field of artificial intelligence (AI) development, xAI, can raise $20 billion, including through investments from Nvidia. This was reported on October 8 by Bloomberg, citing sources.

"xAI's financing will be split between approximately $7.5 billion of equity and $12.5 billion of debt in SPV," the publication says.

According to sources, Nvidia will invest up to $2 billion in equity. The funds are planned to be used to purchase chips for the largest xAI Colossus 2 data center in Memphis.

Apollo Global Management and Diameter Capital Partners are also involved in the financing, the article notes. According to Bloomberg, xAI has already raised about $10 billion at the beginning of the year, but still needs financing, as it spends up to $1 billion a month.

Illusory hopes: Elon Musk announced the creation of a new party

The decision was made against the background of the adoption of the budget law.

Earlier, on October 1, Forbes magazine reported that Musk became the first person in history to reach $500 billion. At the moment, Musk is the head of Tesla and SpaceX, the owner of the social network X and the neurotechnology company Neuralink.

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