According to @KobeissiLetter, Elon Musk’s xAI is reportedly nearing a 20 billion dollar capital raise tied to Nvidia’s chips, with Nvidia itself among the investors in the xAI chip deal. Source: The Kobeissi Letter on X, Oct 7, 2025. The report explicitly links the funding to Nvidia chip procurement, indicating the raise is structured around access to Nvidia hardware, which is central to xAI’s build-out. Source: The Kobeissi Letter on X, Oct 7, 2025. The source does not mention any cryptocurrencies or tokens, and it provides no direct guidance on crypto market impact. Source: The Kobeissi Letter on X, Oct 7, 2025.