Elon Musk has denied any fundraising activities for his company xAI, emphasizing its current financial stability.
xAI Not Pursuing Additional Funding
Elon Musk confirmed that **xAI is not seeking funding** at present, despite rumors of a potential $200 billion valuation. He clarified on his official account that **xAI has plenty of capital**.
> "xAI is not seeking funding right now. We have plenty of capital." - Elon Musk, CEO, xAI
Crypto Markets Unaffected by xAI Funding News
Musk's denial has had **no direct effect on major cryptocurrencies** such as ETH or BTC, as xAI's fundraising activities are primarily in the equity and debt markets.
Discussions on platforms like GitHub and Reddit reflect minimal reaction, partly due to **xAI's operations not intersecting directly with crypto-native funding** or DeFi sectors.
AI Valuation Surges Generally Don't Affect Crypto
Similar AI companies, like OpenAI, have pursued [**substantial valuations**](https://www.benzinga.com/markets/tech/25/07/46380521/elon-musk-rejects-reports-that-xai-is-looking-to-raise-additional-funds-at-200-billion-valuation-we-have-plenty-of-capital) during funding rounds, yet such activities rarely affect crypto assets unless directly linked to blockchain or token launches.
Musk's announcements have historically influenced market expectations, but **current data shows no significant market shifts** attributed to his statements concerning xAI.
Thus, Elon Musk confirmed the financial sufficiency of his company xAI, denying the rumors of the need for new funding, which had no impact on cryptocurrency markets or AI company evaluations.
