Elon Musk may be spending more time at Tesla—but there's plenty going on at his other businesses, too. The Financial Times earlier Monday reported that xAI, known in part for the AI chatbot Grok, seeks to raise $300 million at a company valuation of $113 billion in a deal that would let employees sell shares.

Musk, a U.S. citizen originally from South Africa who moved to Canada and then the States, has never had much affinity for the federal government or its capital city. When Musk me