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 October 2024, x.AI makes up 1.52% of the fund and is its 20th largest holding. This blog post will guide you on how you can potentially invest in xAI, the company’s potential for growth, and its bitcoin and cryptocurrencies in 2021 promising future. However, judging by Elon Musk’s other business ventures that have still not gone public, an xAI IPO is unlikely as of now. Once you decide on an investing service, you need to register and verify your account.
He also filed a lawsuit against Sam Altman (which has since been withdrawn), his co-founder and the current CEO of OpenAI, claiming Altman breached their contract by abandoning their not-for-profit mission. The mission for xAI is “to understand the true nature of the universe” and to be maximally truth-seeking to help filter out and prevent the spread of misinformation. If you’re still interested, you can learn more about becoming an accredited investor here.
XAI just raised $6 billion at a $24 billion valuation from a handful of venture capital and private equity firms. There are two ways to pli crypto price exit your private company investment on EquityZen’s marketplace. The first is if the company has an exit event like an IPO, merger or acquisition.
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XAI is a private company and is not listed on the stock market, meaning its shares are not publicly traded. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.
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Because of federal regulations, retail (non-accredited) investors are not able to invest in private companies. Investments in private companies like xAI are also generally less liquid, meaning they cannot be sold until a “liquidity event,” such as a company sale or an IPO, happens. The company — whose new backers also include individuals with whom Musk has close ties, including Ken Howery, a co-founder of PayPal and Founders Fund — claims that it aims to develop “truthful” AI systems.
- It is his largest company and multinational giant known for being the world’s most valuable automaker and one of the largest global suppliers of clean energy and battery storage systems.
- The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.
- The company — whose new backers also include individuals with whom Musk has close ties, including Ken Howery, a co-founder of PayPal and Founders Fund — claims that it aims to develop “truthful” AI systems.
- In essence, by keeping xAI private, Musk retains a high degree of autonomy and freedom to steer his company towards its future.
How to Invest in Private Companies like xAI
Investing in private companies may be considered highly speculative and involves a high degree of risk, including the risk of substantial loss of investment. See our Risk Factors for a more detailed explanation of the risks involved by investing through EquityZen’s platform. Since 2013, the EquityZen marketplace has made it easy to buy and sell shares in private companies. EquityZen brings together investors and shareholders, providing liquidity to early shareholders and private market access to accredited investors. With low investment minimums through our funds and with more than 42K private placements completed across 450+ companies, EquityZen leads the way in delivering “Private Markets for the Public.” However, it’s important to know that large private companies do not often seek investment from individual accredited investors.
While xAI’s journey is just beginning, the high-profile team and the promising vision suggest potential for substantial impact and success. However, like any disruptive technology, xAI will need to address regulatory and ethical concerns surrounding AI technologies and their potential misuse. Founded in April, xAI is Musk’s attempt at jumping on the AI beginner’s guide to buying and selling cryptocurrency hype train. The company’s purpose is to “understand the true nature of the universe,” according to its website, something the launch of its Grok AI chatbot is apparently supposed to further. Get a daily email with the top market-moving news in bullet point format, for free.
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Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Plus, as evidenced by the $6 billion he raised in May, he has no issue raising funds in the private markets. You should not expect xAI to become publicly traded in the near future. While none of these companies are working on the exact same problems as xAI, they either benefit from or are themselves investing heavily in artificial intelligence. 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.
