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The deal

Type
Funding
Amount
$20B
Status
Closed
Round
Series D+
Post-money
Not recorded
Region
Not recorded
Date
6 January 2026

As of this development: a later development may record new terms.

Lifecycle

  1. AnnouncedNot recorded
  2. Closed6 January 2026 · This development

Investors in this round

Valor Equity Partners · Investor

First round with xAI

StepStone Group · Investor

First round with xAI

Fidelity Management & Research Company · Investor

First round with xAI

Qatar Investment Authority · Investor

First round with xAI

MGX · Investor

First round with xAI

Baron Capital Group · Investor

First round with xAI

NVIDIA · Investor

First round with xAI

Cisco Investments · Investor

First round with xAI

Ownership and exit

Acquired by SpaceX

2 February 2026 · Acquisition · Closed · after 1 round since 2026 · The deal

Minutes shows stakes only when a party discloses them.

The parties

xAI Issuer

2 developments · 2 deals in Minutes

Valor Equity Partners Investor

9 developments · 8 deals in Minutes

StepStone Group Investor

1 development · 1 deal in Minutes

Fidelity Management & Research Company Investor

4 developments · 4 deals in Minutes

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