The billionaire entrepreneur said Tesla shareholders would vote on investing in xAI as he seeks to tap his own companies to help fund his artificial-intelligence startup.

xAI recently secured $10 billion, split evenly between a $5 billion equity raise and a $5 billion debt package arranged by Morgan Stanley. That round took its meteoric valuation to $113 billion, thanks in part to a $2 billion boost from SpaceX. Now, talks suggest a new raise that could take its value to between $170 billion and $200 billion.