This funding will be used to advance product development, build infrastructure, and accelerate research and development. Invest in or calculate the value of your shares in xAI or other pre-IPO companies through EquityZen’s platform. This is a fairly small position, but the Venture Fund also has stakes in a number of other private companies that may be of interest. SpaceX, Epic Games, Anthropic, Figure AI, and OpenAI are all part of the fund’s top 10 holdings. While there’s no way for you to buy shares of xAI directly, you can get exposure to the company via the ARK Venture Fund. As of June 24, 2024, x.AI makes up 1.8% of the fund and is its 18th largest holding.
Step 1: Choose a broker
The richest man in the world is building a super-intelligent AI to understand the true nature of the universe. Then, you should deposit some funds into your account to prepare to buy xAI stock alternatives. Frequently used funding methods include bank transfers, debit or credit cards, and transaction services like PayPal. Prior to buying any xAI stock alternatives, you have to gain access to the stock market. The easiest way to do this is through an online brokerage. In May 2024, xAI raised $6 billion in series B funding, reaching a valuation of $24 billion according to Reuters.
XAI aims to raise $1 billion at a $15 billion valuation as it builds the company. The rapid rise and valuation are testaments to Elon Musk’s track record of building successful startups into multi-billion companies. There is currently no way to buy xAI stock, as the company is a startup and not listed on the stock market. However, there are a couple of methods you could use to gain exposure to xAI without buying its stock. EToro is a top platform for investing in AI stocks because it is available in over 150 countries, offers over 4,500 stocks and ETFs, and is trusted by over 30 million investors.
Best AI Stocks Of August 2024
XAI is a private company, which means its shares are not available for public trading on the stock market. Recently, Elon Musk raised an additional $6 billion in funding, indicating that the company will likely remain privately held for the foreseeable future. Investors continue to monitor for any updates on a potential Initial Public Offering (IPO). By keeping xAI private, he can run it independently of a board of directors and without needing to report to shareholders.
That means that the price of Tesla shares will likely, at least in part, mirror the success and progress made how to buy bitcoin for the first time by xAI. Moving client data quickly is a big part of the origin story at Arista. Calif.-based company came to fame in September 2008 after the bankruptcy of Lehman Brothers, one of its core customers. Arista quickly deployed reduced latency systems for other finance clients, reducing milliseconds to nanoseconds. These vertical systems married hardware with a programmable software stack. Clients were able to navigate through the financial crisis.
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- Moving client data quickly is a big part of the origin story at Arista.
- He originally had said X Corp investors will own 25% of xAI, so that may be own Wood acquired shares.
- XAI just raised $6 billion at a $24 billion valuation from a handful of venture capital and private equity firms.
- Elon Musk has a new startup focused exclusively on artificial intelligence.
The stock is trading below its 52-week high and its all-time high ibm online courses blockchain set in 2021. Linqto removes barriers to private markets and gives you access to invest in pre-IPO companies. Musk often keeps his companies private, offering new investors a chance to acquire equity and employees to liquidate private shares periodically. A less direct way to gain exposure to xAI is to invest in AI-tracking exchange-traded funds (ETFs).
The stock is still up over the last year but trades well below its 52-week high. The stock price has averaged returns of 27.5% over the last 10 years. The stock is trading near an all-time high and has an “A” financial health rating. They each shine for different reasons; some are stable with great earnings growth, while others are more speculative but have produced big returns. There are AI stocks here to suit all types of investors. While X.AI develops behind closed doors for now, I hope this guide gave you a comprehensive understanding of what X.AI is poised to become under Musk‘s visionary leadership.
XAI just raised $6 billion at a $24 billion valuation from a handful of venture capital and private equity firms. Opportunities to acquire private shares of xAI are limited for now, at least until the last funding round is completed. Over the how to buy dag past six months, Tesla’s valuation has significantly dipped. The stock fell from $246 at the start of the year to about $195 at the time of writing, which is about a 22% drop. The decrease in stock price led to Tesla losing its spot among the 10 largest companies listed on US stock exchanges.
Has an xAI stock IPO date been set?
The increasing EPS figures are being factored in by investors. OpenAI is the leading private company already profiting from Artificial Intelligence applications. Learn what public company you can buy today that owns OpenAI and how you can invest indirectly to own a portion yourself.
For retail investors, the easiest way to invest in AI is to buy publicly traded stock. These companies include major tech companies like Microsoft or Apple, which are both developing their own AI technologies. They also include companies instrumental in the production of AI technology, such as microchip manufacturer Nvidia. Finally, there are pure plays on AI like the publicly traded company c3.ai. Since X.AI is newly founded and still private, there is no stock available on public exchanges.
Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. There’s currently no information about a potential X.AI Corp. stock symbol. It is easy to imagine that the company might use the ticker symbol “XAI” if it eventually gets listed on NYSE or NASDAQ. In January of this year, CNBC reported that xAI is seeking outside investment at a valuation of $15 billion to $20 billion.
XAI is a new company with few shareholders and limited equity until the first significant funding round is complete. Investors want to own companies riding extraordinary trends (AI, Elon Musk). But buying stock early on can often prove difficult for retail investors, especially non-accredited ones.
These funds are designed to invest in companies working in AI. Judging by Musk’s past business history, xAI likely won’t go public, at least not anytime soon. The list of companies Musk was a founder or co-founder of includes Tesla, SpaceX, Neuralink, Boring Company, and PayPal. Out of these companies, only Tesla and PayPal (PYPL) were ever listed on the stock exchange, with the latter only going public after Musk left the company. Founded in March 2023, xAI is an American startup focused on artificial intelligence (AI) technology.
The Hiive pre-IPO marketplace is where I look for pre-IPO data and availability. Please read the full list of posting rules found in our site’s Terms of Service. Investors should focus on the companies that sell foundational equipment required to get useable products to the market. These firms are the primary beneficiaries of the AI arms race. He joined the AI arms race in April when X.ai was founded, and the company purchased thousands of Nvidia GPUs. When ChatGPT launched in December 2022 its popularity shocked executives at big technology firms.
The second way is through an Express Deal on EquityZen, if eligible. An Express Deal allows you to sell your allocation of private shares in a given private company to another investor on EquityZen’s marketplace. More information on Express Deals can be found here and exit information can be found here. Shareholders can sell their xAI stock through EquityZen’s private company marketplace. EquityZen’s network includes over 310K accredited investors interested in buying private company stock.
X.ai researchers will focus on science, while also building applications for enterprises and consumers. All of these companies have shares available for purchase on Hiive. Elon Musk has a new startup focused exclusively on artificial intelligence. AI has some good qualities, but this stock is still highly speculative. Its short history means there are few metrics you can use to forecast its future fortunes.