xAI Corp, founded by Elon Musk, is attracting significant investor interest due to its advancements in artificial intelligence. However, since the company is not publicly traded, investors cannot directly purchase xAI stock. Below are some indirect ways to gain exposure to its growth potential.

1. What Is xAI Corp?

xAI is an artificial intelligence (AI) company founded in March 2023 by Elon Musk, the visionary entrepreneur behind Tesla. However, it wasn’t until July 12, 2023, that the company was officially announced. Interestingly, this date was deliberately chosen, as the sum of its digits (7 + 12 + 23) equals 42—a famous number from Douglas Adams’ science fiction novel The Hitchhiker’s Guide to the Galaxy, symbolizing “the answer to life, the universe, and everything.”

In a Twitter Space conversation in July 2023, Musk shared xAI’s vision and strategy. Unlike other AI companies, xAI aims to develop artificial general intelligence (AGI) with a focus on “maximal curiosity” and “truth-seeking.” Musk believes this approach is the best way to mitigate the risks associated with AGI—an issue he has repeatedly raised in the past.

Although xAI operates as an independent company, its official website states that it plans to collaborate closely with X Corp. (formerly Twitter), Tesla (TSLA), and other entities within Elon Musk’s ecosystem. However, in November 2023, Musk revealed that X Corp. shareholders would own a 25% stake in xAI, indicating that the boundaries between these companies are not as distinct as initially perceived.

Since its launch, xAI has quickly drawn investor attention. In January 2024, CNBC reported that the company was seeking investments at a valuation of $15–$20 billion, with plans to raise $1 billion in new capital.

This valuation was soon surpassed. By May 2024, CNN reported that xAI had successfully raised $6 billion in a Series B funding round, pushing its valuation to $24 billion.

With a team of experienced AI experts, strategic leadership from Elon Musk, and backing from top-tier investors, xAI is steadily establishing itself in the competitive AI landscape. As artificial intelligence continues its rapid evolution, xAI is not just another AI startup—it has the potential to become a key player in shaping the future of AGI.

2. Does xAI have an IPO?

Currently, there is no official information regarding xAI’s initial public offering (IPO). The company, founded by Elon Musk, is still in its development phase and has not announced any plans to go public.

Based on Musk’s previous ventures, it is unlikely that xAI will launch an IPO in the near future. Among the companies he has founded or co-founded, only Tesla and PayPal have gone public. Notably, PayPal went public only after Musk had already left the company. Meanwhile, his other major enterprises, such as SpaceX, Neuralink, and The Boring Company, remain privately held.

3. How to buy xAI Corp stocks?

Since xAI Corp is not publicly listed on any stock exchange, investors cannot directly purchase its shares. However, if you wish to invest in xAI indirectly and benefit from its growth, here are some potential options:

3.1. Investing in Tesla stock

One of the most accessible ways is to invest in Tesla (TSLA) shares. Elon Musk has confirmed that xAI will closely collaborate with Tesla in various areas, particularly artificial intelligence and autonomous driving technology. This means that any advancements made by xAI could positively impact Tesla’s valuation, making TSLA an attractive option for investors who believe in AI’s potential.

In 2023, Tesla’s stock price surged from a low of $113 in January to $209 in January 2024—an increase of over 85%. Compared to the S&P 500 index, which rose by only 21.5% in the same period, Tesla has demonstrated strong market appeal. The company maintains its leadership in the electric vehicle sector, holding over 60% market share in the U.S. Its vehicle deliveries reached a record 435,050 units in Q3 2023, a significant increase from 241,300 in Q4 2021. Tesla’s latest financial report also showed an 8.8% revenue growth, indicating continued business expansion

However, despite its growth potential, Tesla faces notable challenges. Increasing competition from other EV manufacturers, particularly Chinese companies, has pressured Tesla’s profit margins. In Q3 2023, the company’s net profit fell by 43.7%, reflecting cost pressures and fierce market competition. Additionally, Tesla’s stock has experienced volatility, dropping from $246 to around $215 over the past six months, causing the company to lose its spot among the world’s top 10 most valuable firms. Currently, Tesla ranks 11th with a market capitalization of approximately $690 billion.

3.2. Investing in AI ETFs

If you want exposure to AI investments without betting solely on Tesla, another option is to invest in AI-focused exchange-traded funds (ETFs). ETFs track a basket of stocks, allowing investors to gain exposure to multiple AI companies simultaneously without having to pick individual stocks. Investing in AI ETFs helps mitigate risks associated with the volatility of a single company while providing portfolio diversification.

The biggest advantage of AI ETFs is access to leading tech companies in the sector. Instead of investing only in Tesla or waiting for xAI to go public, you can allocate funds across multiple high-potential AI firms. This strategy not only reduces risk but also enhances profit opportunities as the AI industry grows. Some of the most popular AI ETFs today include the Global X Artificial Intelligence & Technology ETF (AIQ), ROBO Global Robotics & Automation Index ETF (ROBO), and ARK Autonomous Technology & Robotics ETF (ARKQ).

4. Frequently Asked Questions About xAI Corp Stock

4.1. Is xAI listed on the stock market?

No, xAI is currently a private company and is not traded on any stock exchange. As a startup in the artificial intelligence sector, xAI is still in its development and expansion phase and has no specific plans for a public listing yet.

4.2. What is the stock price of xAI?

At present, there is no stock price for xAI because the company has not been listed on the stock market. If xAI goes public in the future, the stock price will be determined based on market valuation, investor demand, and the company’s financial strategy.

4.3. What is the ticker symbol for xAI?

Currently, xAI Corp. does not have an official stock ticker. However, if the company decides to list on major exchanges such as the NYSE or NASDAQ, it’s possible that the ticker symbol could be based on the brand name, such as “XAI.” That said, this is purely speculative, and an official announcement from the company will be needed in the future.

While it is not possible to directly purchase xAI stock at the moment, investors can still benefit from the company’s growth through Tesla or AI-focused ETFs. Keeping an eye on market developments will allow you to seize the opportunity once xAI goes public. Be sure to carefully consider your investment strategy to align with the booming AI trend.