Xai Holdings Musk is reported to be increasing the second largest round of private funds ever

Elon Musk’s Xai Holdings is in talks to raise $ 20 billion in fresh funds, potentially estimating him and combining social media with over $ 120 billion, according to a Bloomberg’s new report This says the talks are in the “early stages”. If it’s successful, the deal would be the second biggest start funding round ever, after only Openai’s Growing $ 40 billion last month.

Funding can help mitigate the significant burden of X debt, which costs the company a month of $ 200 million in service fees, for Bloomberg resources, with annual interest costs exceeding $ 1.3 billion until the end of last year.

An increase in this size would also show the constant appeal of he’s investors, as well as reflecting Musk’s startling appearance as a political power player inside President Trump’s White House.

Musk is likely to attract some of the same supports that have repeatedly funded his ventures, from Tesla to Spacex, including Antonio Gracias of Valor Equity Partners and Luke Nosek to Gigsund. Gracias has even taken a role as a lieutenant in the Department of Efficiency of Musk’s Government.

Xai did not respond immediately to comment.