Morgan Stanley is shopping a $5 billion debt package for Elon Musk's xAI and the artificial intelligence company is seeking a valuation of $113 billion in a share sale worth $300 million, according to media reports on Monday.

Elon Musk’s xAI is launching a $300mn share sale that values the group at $113bn, as the world’s richest man returns to his business empire and the race to develop artificial intelligence. The deal will allow staff to sell shares to new investors,

Billionaire Elon Musk's AI startup, xAI, is reportedly launching a $300 million share sale that values the company at $113 billion.

Elon Musk is selling $5 billion in debt for his artificial intelligence startup, xAI Corp., the latest in a series of fundraising efforts across his business empire as the billionaire pivots away from politics and returns to running his various companies.

NEW YORK] Elon Musk is selling US$5 billion in debt for his artificial intelligence (AI) startup, xAI, the latest in a series of fundraising efforts across his business empire as the billionaire pivots away from politics and returns to running his various companies.

Musk appears eager to refocus on his array of businesses after announcing last week that he would be stepping back from politics.