How to Invest in xAI Stock in 2025

xAI is Elon Musk's newest company — and maybe his most ambitious. This artificial intelligence startup was built to compete directly with OpenAI, Anthropic, and Google DeepMind.

Founded in 2023, xAI's goal is to build “maximally curious” AI systems capable of understanding the true nature of the universe.

Put simply, the company wants to create models that can reason more deeply and think more independently than today's leading systems like ChatGPT or Claude.

Its first product, Grok, is an AI chatbot designed to bring that vision to life.

Unsurprisingly, investors have rushed to back Musk's latest venture, hoping he can pull off in AI what he's already done with Tesla and SpaceX.

In September 2025, xAI raised $20 billion at a valuation of $200 billion, bringing its total funding to a staggering $42 billion in equity and debt.

And you may be able to invest in it, too.

How to buy xAI stock

xAI is a private company, which means it doesn't have a stock symbol or trade on a public exchange.

However, accredited investors can buy shares on Hiive, a pre-IPO marketplace.

Accreditation requirements

To qualify as an accredited investor, you must meet one of the following criteria:

• Have an annual income of $200,000 individually or $300,000 jointly.
• Have a net worth that exceeds $1,000,000, excluding your main residence.
• Be a qualifying financial professional.

Hiive is an investment platform where accredited investors can buy shares of private, VC-backed startups.

Some of the most active companies on Hiive right now are SpaceX, OpenAI, and xAI:

Each listing of xAI stock is created by a unique seller who may be an employee, venture capitalist, or angel investor. Sellers set their own asking prices and quantity of shares for sale.

Buyers can see each listing, accept a seller's asking price as listed, place bids and negotiate with sellers, or add a company to their watchlist. They can also see all recent transactions (prices and quantity of shares traded).

See what shares of xAI are trading for on the pre-IPO market by creating an account:

Register for Hiive

Can retail investors buy xAI stock?

Because of federal regulations, retail (non-accredited) investors are not able to invest in private companies.

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. xAI makes up 3.97% of the fund, its 5th largest holding:

The Venture Fund also has stakes in SpaceX, Figure AI, OpenAI, Neuralink, and Anthropic, and is one of the best ways for individual investors to gain exposure to these companies.

Retail investors can invest in the Fund via SoFi. Accredited investors can buy it directly from ARK's website.

Alternatives to investing in xAI

Here's a list of other AI-related investment opportunities you may be interested in.

1. Publicly traded AI companies

For retail investors, the easiest way to invest in AI is to buy publicly traded stock.

• Nvidia (NVDA) is the market leader in developing the chips used to train and run supercomputers and AI networks. It also participated in xAI's most recent round, with much of the capital expected to go toward acquiring Nvidia chips.
• Taiwan Semiconductor (TSM) is the sole manufacturer of Nvidia's AI GPUs. The company does not design any of its own chips; it only builds chips for its clients.
• Microsoft (MSFT) owns 27% of OpenAI and is entitled to up to 20% of its revenue (up to an undisclosed cap). It's also integrating the lab's technology into its existing suite of products, including Office 365 and GitHub. You can read more about their partnership in this article.
• Alphabet (GOOGL) is positioned to be the biggest winner from AI-powered search. Additionally, its chatbot (Gemini) is a competitor to OpenAI, and its Google Cloud Platform is likely to host a number of future AI applications.
• Amazon (AMZN) runs Amazon Web Services (AWS), the world's largest cloud computing provider. A significant amount of future AI computing will likely be run on its servers. It also owns ~15% of Anthropic.

Dell (DELL) was also contracted to build half of the racks needed to power xAI's new Memphis-based supercomputer.

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.

2. ETFs and private funds

If you don't want to invest in a specific stock but want exposure to the industry, here are a few options:

• The Roundhill Generative AI & Technology ETF (CHAT) invests in companies focused on generative AI.
• The Themes Generative Artificial Intelligence ETF (WISE) owns stocks that generate their revenue from AI, big analytics and data, natural language processing, or AI-driven services.

There are also funds that allow you to invest in privately held companies:

• The ARK Venture Fund (mentioned above) invests in innovative companies, regardless of whether they're publicly traded or privately held.
• The Fundrise Innovation Fund gives retail investors access to a portfolio of privately held tech companies like OpenAI, Anthropic, Anyscale, Anduril, Databricks, and more. The minimum investment is just $10.

3. Other private AI companies

Here are a few other AI-centric private companies I've written about:

• OpenAI
• Anthropic
• Scale AI

All of these companies have shares available for purchase on Hiive.

For more investment ideas, check out our article on how to invest in artificial intelligence.

When will xAI IPO?

You should not expect xAI to become publicly traded in the near future. In fact, it may never become a public company.

Tesla is Musk's only publicly traded company. By keeping xAI private, he can run it independently of a board of directors and without needing to report to shareholders. 

This gives him more flexibility, more regulatory latitude, and allows him to patiently work toward his grandiose vision.

Plus, as evidenced by the $20 billion raised in September 2025, the $10 billion raised in June 2025, and the $12 billion raised throughout 2024, Musk has no issue raising funds in the private markets.

xAI and X (Twitter)

The stated mission of xAI is “to understand the true nature of the universe” and to seek truth, helping to filter out and prevent the spread of misinformation.

One obvious use case for this technology is X (formerly Twitter), Musk's social media company. Grok, xAI's chatbot, is heavily integrated with X.

In March 2025, in a move to further link the two companies, Musk announced that xAI acquired X in an all-stock deal, which valued xAI at $80 billion and X at $33 billion ($45 billion less $12 billion in debt).

Musk originally purchased X for $44 billion in October 2022. Its valuation had swung wildly since the purchase, at one point being valued at less than $10 billion, though it had risen in the months following President Trump's election.

Musk described the two companies' futures as "intertwined" and said the acquisition will help them "combine the data, models, compute, distribution and talent.”

More on Grok

As of September 2025, xAI reported that Grok had 64 million monthly users.

By contrast, OpenAI said in October that ChatGPT had hit 800 million weekly users, and Google said in July that its Gemini app had 450 million monthly users.

Despite having a fraction of the user base — less than 2% of ChatGPT's — xAI is valued at roughly $200 billion, or about 40% of OpenAI's valuation. That premium reflects investor belief in xAI's long-term potential, driven by several factors:

• Massive infrastructure investment: xAI has poured billions into its own compute network. Its flagship system, Colossus, is the world's largest AI-specific supercomputer, powered by more than 200,000 GPUs.
• Founder and strategic backing: Elon Musk's involvement continues to attract deep-pocketed investors and media attention, boosting xAI's valuation far beyond what current usage or revenue alone would justify.
• Expansion plans: xAI aims to integrate Grok into Tesla vehicles and across X's 500 million-plus users, creating a massive potential distribution channel for future monetization.

Grok has received several major updates this year, some of which have drawn criticism for frequently generating politically incorrect or Musk-influenced responses.

Elon Musk and OpenAI

Musk was a co-founder of OpenAI and invested $50 million to start the lab.

In 2018, Musk sold his stake to Microsoft and left the company over disputes about the company's lack of safety guardrails. 

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.

In November 2024, Musk amended the lawsuit to expand antitrust allegations and added Microsoft, Microsoft VP Dee Templeton, and LinkedIn co-founder Reid Hoffman as defendants.

xAI is a direct competitor of OpenAI. Musk has a golden opportunity to differentiate xAI with responsible and transparent practices, areas he's publicly criticized OpenAI for in the past.

How much is xAI worth?

xAI most recently raised $20 billion* at a $200 billion valuation in September 2025, making it the 4th most valuable private company in the world.

*The round was made up of $7.5 billion in equity and $12.5 billion in debt.

Prior to that round, xAI was given an internal valuation of $80 billion in March 2025 as part of its acquisition of X (Twitter). Its last external funding round, in November 2024, valued the company at $50 billion.

Here's a look at how xAI's valuation has changed since being founded in 2023: