XAI properties appraised at $3.5 billion, documents show

By , Daily Memphian Updated: March 26, 2026 4:20 PM CT | Published: March 26, 2026 2:47 PM CT

The appraisals for the two data centers help to determine how much Elon Musk’s artificial intelligence company will pay in property taxes.

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xAI Data center Elon Musk
Samuel Hardiman

Samuel Hardiman

Samuel Hardiman is an enterprise reporter who focuses on government and politics. He began his career at the Tulsa World where he covered business and K-12 education. Hardiman came to Memphis in 2018 to join the Memphis Business Journal, covering government and economic development. He then served as the Commercial Appeal’s city hall reporter and later joined The Daily Memphian in 2023. His current work focuses on the intersection of government, public policy, influence and how public dollars are spent.


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