X.AI Corp, led by Elon Musk of Tesla and Twitter-renamed X, aims to raise $1 billion through equity securities, already selling $134.7 million. The SEC filing notes Musk as an executive and director. Jared Birchall, a former Goldman Sachs, Merrill Lynch, and Morgan Stanley exec, is also listed. Musk, heavily involved in crypto, sparked a DOGE price surge following CoinDesk’s April 2023 report on X.AI.
Elon Musk-Backed X.AI Files With SEC to Raise Up to $1B in Equity Offering
