It is the latest technology start-up company to delay floating on the public markets via an IPO – for so long the traditional exit route but, in recent times, a less desirable option as companies choose to stay private for longer. A total of 97 investors invested in this latest MUSKular fundraise for X.AI, which Elon Musk established in March 2023. Prominent investors included Sequoia Capital and Qatar Investment Authority. The firm, whose mission is to understand the true nature of the universe – nothing too ambitious! – recently introduced an image generator called Aurora as the AI innovation race speeds up. It has also been reported that Musk’s SpaceX business is looking to raise money by selling insider shares in a potential tender offer that would rocket its valuation to $350 billion. That would be quite the Xmas present, even for the world’s richest man.