Morgan Stanley Predicts Significant Revenue Growth for xAI by 2029

Morgan Stanley predicts significant revenue growth for Elon Musk’s AI company, xAI, projecting total sales to reach $1 billion by the end of this year. Their projections also anticipate xAI surpassing $13 billion in revenue by 2029. The financial institution further estimates that xAI’s EBITDA could climb to $2.7 billion by 2027 and potentially reach $13.1 billion by 2029. The company is investing heavily, planning a $18 billion expansion of its data centers. Meanwhile, xAI aims for a new funding round with a valuation of $113 billion.