SpaceX has agreed to invest $2 billion in Elon Musk 's artificial intelligence company xAI. The investment makes up nearly half of the company's recent $5 billion equity round, according to investors cited by The Wall Street Journal.

SpaceX is investing $2 billion in xAI, Elon Musk's AI company, as part of a $5 billion equity round, amid his efforts to boost the AI startup.

Investors familiar with the matter told The Wall Street Journal that the rocket company SpaceX has agreed to invest a whopping $2 billion in xAI, the Musk-led firm behind the controversial large language model Grok. This investment makes up almost half of the $5 billion of equity that the AI company raised last month.

According to a Wall Street Journal report that cites investors close to SpaceX, the company has agreed to invest $2 billion in Musk’s AI startup xAI. The investment would reportedly be part of the $5 billion equity raise (along with another $5 billion in debt) that Morgan Stanley announced at the end of June.

Elon Musk once explained that he turns ambitious ideas into reality by starting with low-cost software ventures, using first principles thinking, and combining insights across industries—even without major funding.

Elon Musk said a year ago that AI has no use at SpaceX. Now he's willing to pay $170k a head for AI engineers. Elon Musk's SpaceX is recruiting AI software engineers and promising them six-figure salaries.

The per-share price of $212 is up substantially from the $185 set in a prior transaction that valued SpaceX at $350 billion in December. The deal marks a rapidly climbing values for the rocket and satellite maker,

The money behind Elon Musk’s trillion-dollar empire is increasingly flowing in one direction: toward artificial intelligence.

Amazon partners with SpaceX to launch 24 Kuiper satellites, marking a rare collaboration between tech rivals in the growing satellite internet race.

In a surprising collaboration, SpaceX launched 24 of Amazon's Kuiper internet satellites into orbit from Florida. This marks a significant step for Am

Right at the center of this mess is Elon Musk, Tesla’s CEO, whose dabbling in politics has played a big role (really changed the game) in the problems the company now faces. Elon Musk’s political journey took an interesting twist when he openly backed Donald Trump during his presidential run.