On May 24, 2024, X.AI Corp. closed the transaction. The company has raised $6,000,000,000 in this transaction.

The transaction included participation from new investors, Lightspeed Ventures, LLC, Kingdom Holding Company, Valor Management LLC, Fidelity Management & Research Company LLC, Andreessen Horowitz LLC, Vy Capital, Sequoia Capital, Tribe Capital Management, LLC, individual investor, Prince Alwaleed Bin Talal and other investors. The company has received $5,865,320,688 in its second and final tranche. The company raised at post-money valuation of $24,000,000,000.