XAI Expects Annual Earnings of Over $13B by 2029, Bloomberg Reports, Citing Source

Dow Jones

Jun 07, 2025

--Internal numbers shared by Morgan Stanley show xAI expects more than $13 billion in annual earnings by 2029, Bloomberg reports, citing a person familiar with the matter.

--The bank showed limited figures about xAI to investors willing to commit at least $50 million for a $5 billion debt sale of the startup, according to people familiar with the matter, the report said.

--XAI expects $1 billion in gross revenue by the end of this year and $14 billion by 2029, one of the people said, according to the report.

--A representative for Morgan Stanley declined to comment and xAI didn't respond to a request for comment, the report said.

Full article at https://www.bloomberg.com/news/articles/2025-06-06/morgan-stanley-opens-xai-books-with-musk-in-trump-crosshairs

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

June 06, 2025 12:05 ET (16:05 GMT)

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by <a href=\"https://laohu8.com/S/MSSXV\">Morgan Stanley</a> show xAI expects more than $13 billion in annual earnings by 2029, Bloomberg reports, citing a person familiar with the matter. \n</p>\n<p>\n  --The bank showed limited figures about xAI to investors willing to commit at least $50 million for a $5 billion debt sale of the startup, according to people familiar with the matter, the report said. \n</p>\n<p>\n  --XAI expects $1 billion in gross revenue by the end of this year and $14 billion by 2029, one of the people said, according to the report. \n</p>\n<p>\n  --A representative for Morgan Stanley declined to comment and xAI didn't respond to a request for comment, the report said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Full article at https://www.bloomberg.com/news/articles/2025-06-06/morgan-stanley-opens-xai-books-with-musk-in-trump-crosshairs \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones 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face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  --Internal numbers shared by <a href=\"https://laohu8.com/S/MSSXV\">Morgan Stanley</a> show xAI expects more than $13 billion in annual earnings by 2029, Bloomberg reports, citing a person familiar with the matter. \n</p>\n<p>\n  --The bank showed limited figures about xAI to investors willing to commit at least $50 million for a $5 billion debt sale of the startup, according to people familiar with the matter, the report said. \n</p>\n<p>\n  --XAI expects $1 billion in gross revenue by the end of this year and $14 billion by 2029, one of the people said, according to the report. \n</p>\n<p>\n  --A representative for Morgan Stanley declined to comment and xAI didn't respond to a request for comment, the report said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Full article at https://www.bloomberg.com/news/articles/2025-06-06/morgan-stanley-opens-xai-books-with-musk-in-trump-crosshairs \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 06, 2025 12:05 ET (16:05 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0320765646.SGD","symbol_name":"FTIF - Franklin Income A MDIS SGD-H1","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2541786126","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2541786126","pubTimestamp":1749225900,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"--Internal numbers shared by Morgan Stanley show xAI expects more 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https://www.bloomberg.com/news/articles/2025-06-06/morgan-stanley-opens-xai-books-with-musk-in-trump-crosshairs \n\n\n \n\n\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 06, 2025 12:05 ET (16:05 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}