xAI Stock: How to Invest Before the xAI IPO

Explore opportunities to invest in xAI stock before the IPO. Buy and sell pre-IPO shares on the Hiive pre-IPO marketplace. Monitor for the latest availability and valuation estimates. 

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xAI Recent News

03/28/2025: xAI has acquired X
03/21/2025: X Plans Purchase of Last $1.2 Billion Buyout Debt
02/18/2025: Musk’s xAI releases Grok 3
02/18/2025: X in Talks to Raise Money at a $44 Billion Val
02/14/2025: xAI Discussing $10 Billion Raise at $75 Billion Valuation
Older news…

About xAI

xAI is an artificial intelligence (AI) company started by Elon Musk to challenge large language model (LLM) incumbents such as OpenAI, Inflection AI, and Anthropic.

The company was founded on March 9th, 2023, but Musk didn’t announce its formation until July 12th. 

Its initial product, Grok, was launched via X (Twitter) on Twitter in November 2023.

Grok is an AI modeled after the Hitchhiker’s Guide to the Galaxy, so intended to answer almost anything and, far harder, even suggest what questions to ask! Grok is designed to answer questions with a bit of wit and has a rebellious streak, so please don’t use it if you hate humor!

xAI announced the acquisition of X Corp, formerly known as Twitter, on March 28th, 2025. This aligned with recent valuation estimates closing in on  $100 billion. 

Elon saw that investors were weary of his X Corp business, and used xAI equity to fully take over X Corp. He conducted a similar taking when Tesla acquired SolarCity in November of 2016.

Ownership

Elon Musk, employees, and several venture capital investors own xAI stock. 

Musk posted on November 19th, 2023, that X investors will own 25% of xAI, which was a bit misleading. 

Reporting by Bloomberg clarified what that means: 

In practice, that means those investors are invited to invest in xAI at least 25% of the amount they invested in X, according to a person with knowledge of the arrangement. If they invested $10 billion in X, they’re invited to invest $2.5 billion or more in xAI, for example.

Venture capital investors include Andreessen Horowitz, Sequoia, Vy Capital, Lightspeed, Maven Ventures, Andra Capital, ARK Investments, Blackrock, Craft Ventures, Bossa Invest, Epic Ventures, Fidelity, Duke Capital Partners, Hermitage Capital, IPO Club, Future Ventures, Hof Capital, K5 Global, Morgan Stanley, the Oman Investment Authority, Prince Alwaleed Bin Talal, Redstone, Valor Equity Partners, and Tribe Capital. 

Funding Rounds

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Valuation

The latest xAI funding round, which reported raised $5 billion, is estimated to value xAI at $50 billion as of November 2024.

xAI had raised $6 billion earlier in 2024, valuing the company at $25 billion. It’s valuation was under $1 billion as recent as December 2023. 

A February 2025 report indicated xAI is raising $10 billion at a $75 billion valuation. 

Pre-IPO marketplace valuations indicate an implied valuation of $95 billion as of late March 2025. 

IPO Potential 

The xAI IPO date is likely several years away. Aside from Tesla, Musk has kept his companies private, offering new investors a chance to acquire equity and employees to liquidate private shares periodically. 

Grok is a new product with limited training. xAI is likely pre-revenue, so there are no indications that it is anywhere near becoming public.

Though xAI is separate from Musk’s other companies, including SpaceX, X Corp, The Boring Coming, Tesla, and Neuralink, he has shared that he intends to share data across companies. xAI may eventually be merged or acquired by one of his other companies.

However, that strategy did not bode well for Tesla’s merger with SolarCity.

If AI companies start to IPO and show successful outcomes, other AI companies may rush to the public markets. Cerebras is the first pure-play AI company aiming to IPO. 

Three Ways to Invest in xAI

xAI stock is not publicly traded today. Opportunities to acquire private shares of xAI are limited for now, at least until the last funding round is completed. 

However, investors can explore pre-IPO opportunities to own shares before Wall Street. 

Most investors will need to wait until the IPO is complete to invest. 

1. Access shares via pre-IPO investing platforms

I have seen solid evidence of pre-IPO availability on major pre-IPO platforms.

The ARK Venture Fund purchased a stake in xAI. Retail investors can now buy the ARK Venture Fund to own xAI stock. 

When Musk took over X Corp, fund manager Cathie Wood invested in Twitter/X Corp stock.

He originally had said X Corp investors will own 25% of xAI, so that may be own Wood acquired shares. Or she participated in the round. 

All U.S.-based individual investors 18 and up can invest in the ARK Venture Fund for a $500 minimum. Non-accredited investors are welcome.

The Hiive pre-IPO marketplace is where I look for pre-IPO data and availability. 

Sellers can list shares and buyers can declare bids for shares, helping to put a price on private shares when a transaction completes.

But as of now, there are minimal direct xAI shares available anywhere, so it may take some time before a market develops. 

Other pre-IPO platforms that may offer access include EquityZen, Linqto, and Forge Global.

Non-accredited investors can own venture capital funds such as the Fundrise Innovation Fund ($10 minimum to invest) to get pre-IPO company access for their portfolios. 

However, xAI is probably not a holding in the fund (but I have suspicions). It does hold OpenAI, Databricks, and Anthropic. 

Check out our list of the best pre-IPO investing platforms for current platforms that may have shares available.

Please note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.

2. Buy the stock during the xAI IPO through a participating broker

There is no indication that the xAI IPO is near. However, if you cannot acquire pre-IPO shares, the IPO will be the next opportunity.

Large brokers such as Fidelity and Charles Schwab sometimes offer IPO allocations to customers but distribute them to their wealthiest clients. That only helps some of us. 

However, multiple brokers now offer the chance to invest in IPOs. Here are the most active IPO brokers. 

• TradeStation 
• Robinhood

Here’s a list of the top brokers for IPO investing. 

If your broker offers IPO access, join the email and text alerts for upcoming IPOs. There are no guarantees you’ll receive shares when a deal is live, but you’ll be surprised by the number of IPOs available. 

It is helpful to open and fund your account ahead of time. Some brokers require “settled” cash to invest in IPOs. It takes a few days for cash to settle from bank transfers, and there may not be enough time if the IPO is imminent. 

3. Buy the stock post-IPO

Most investors are not eligible for direct pre-IPO shares, and getting allocations in any IPO is challenging. 

The best chance of owning xAI stock is to wait for the IPO and buy it afterward. This is not the news most investors want to hear, but it’s the reality. 

Often, IPO prices jump on the first day of trading, so it may make sense to wait a few quarters before owning the stock to let the price volatility settle. 

You may find discounted opportunities to own xAI stock months after the IPO. 

xAI Acquisition of X Corp (March 28th, 2025)

Elon Musk announced the acquisition of X Corp. by xAI on Friday, March 2025. The purchase price was $45 billion less $12 billion in debt ($33 billion). 

The true value was likely below $45 billion. Several funds (including Fidelity) and Musk himself had lowered the value of X Corp internally.

The merger/acquisition aimed to make his Twitter purchase partners whole, using the value of xAI equity as purchase fuel. 

Musk Acquisition of X Corp (Twitter)

Musk famously overpaid for Twitter in 2022 as equity markets tumbled. He attempted to exit the deal in July of 2022 but failed.

The deal was announced on April 14th, 2022, and closed on October 28th, 2022. 

Several prominent investors provide funds for Musk’s takeover, and he sold Tesla stock and took on substantial debt to make it happen. 

Elon owned approximately 74% of Twitter post acquisition. Here is a list of additional investors who participated in the 2022 Twitter purchase:

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These investors will receive xAI equity once the merger of X Corp and xAI is complete. 

Frequently Asked Questions (FAQs)

Is xAI Publicly Traded?

No. xAI is not publicly traded. It is a private company

Who are xAI’s competitors?

• OpenAI
• Anthropic
• Inflection AI
• Cohere

What is the xAI Stock Price?

xAI is private. There will be no public stock price until the xAI IPO. 

The May 2024 funding round that completed at about $12 per share. 

Secondary marketplace price estimates are around $41 per share as of late March 2025. 

Private transaction data via Hiive is currently limited. 

What is the xAI Stock Symbol? 

There is no xAI stock symbol yet because the company is private and has yet to file an S-1 with the SEC.

It could be several years away from an IPO.

“XAI” is currently available. 

Can you buy xAI Shares?

Accredited investors may be able to find access to direct shares of xAI via Linqto. However, non-accredited investors will need to access equity via a venture capital fund like the ARK Venture Fund. 

Where can I find the xAI IPO S-1 Filing?

xAI has not submitted an S-1 filing with the SEC and is likely several years away from an IPO.

When ready, the company will likely submit a confidential S-1 a few months before the IPO, then release the filing once it is qualified by the SEC. 

We will embed a copy of the S-1 filing on this web page for reference when it is available.

xAI News Archive

12/19/2024: Oman Investment Authority Invests in xAI
01/02/2024: Fidelity marks down X valuation by 71.5%
12/05/2024: xAI lands $6B in new cash to fuel AI ambitions
11/20/2024: xAI Startup Is Valued at $50 Billion in New Funding Round
11/17/2024: xAI in talks with Middle East investors $45bn valuationZ
11/01/2024: Nvidia in talks over investing in xAI
10/29/2024: xAI in Talks to Raise Funding Valuing It at $40 Billion
05/29/2024: Can Elon Musk’s xAI take on OpenAI?
05/25/2024: Musk Plans xAI Supercomputer
05/08/2024: xAI Nears Funding at $18 Billion Value Soon As This Week
04/26/2024: xAI is closing on $6 billion in funding
04/05/2024: Investors to Help xAI Raise $3 Billion at $18 B valuation
02/29/2024: xAI aims for capital raise valuing as high as $20B
02/23/2024: What’s the point of Elon Musk’s AI company?
02/05/2024:  xAI’s Biggest Investor Pitches
01/19/2024: xAI Secures $500 Million Toward $1 Billion Goal
12/05/2023: xAI has Raised $135 million of $1 Billion

Conclusion

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.

xAI is a new company with few shareholders and limited equity until the first significant funding round is complete.

Once that deal happens, institutional investors or early employees may list shares on pre-IPO platforms to cash out. 

The best method for retail investors to acquire an equity stake is to own the ARK Venture Fund. Cathie Wood has already invested in the company pre-IPO and by owning the fund, retail investors can get exposure to xAI equity. 

I predicted this would happen several months ago, and it did. 

Pre-IPO investing platforms provide new opportunities to own high-demand startups. But private venture capital investing is still primarily reserved for the ultra-wealthy, requiring millions to invest in seed and early funding rounds for disruptive companies. 

So if you decide to pursue IPO shares or early equity, maintain reasonable expectations. Acquiring xAI stock before or during the xAI IPO won’t be easy. 

Waiting until after the IPO is sometimes a way to buy discounted shares, as hefty post-IPO valuations can turn into retail investor losses. 

If xAI stock is on your acquisition list, good luck. Invest in pre-IPO and IPO companies with caution.