TechFlow news, November 15 — According to the UK's Financial Times, Elon Musk's SpaceX and xAI are set to see their valuations surge by billions of dollars through new deals. Sources familiar with the matter said Musk's artificial intelligence startup xAI has raised $5 billion, reaching a valuation of $45 billion—nearly double its valuation just months ago. Meanwhile, SpaceX is preparing to launch a tender offer in December to sell existing shares at around $135 per share, which would push the rocket manufacturer’s valuation above $250 billion.
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