Elon Musk
X owner Elon Musk is clashing with Brazil's government over free speech.
  • Elon Musk is raising funds for xAI at a $15 billion pre-money valuation.
  • Some investors are being offered access to the deal through SPVs with high fees.
  • xAI is a project that emerged out of Twitter. Its only product so far is the Grok chatbot.

Elon Musk's new AI startup is luring more investors through special purpose vehicles that charge hefty fees, according to an email sent this week.