Elon Musk’s SpaceX has approved an investment of $2 billion in his AI startup, xAI, which accounts for nearly half of the recent equity raised by the Grok chatbot maker, according to investors close to the companies, The Wall Street Journal reported.
The investment from SpaceX is part of xAI’s $5 billion equity fundraising effort, which was announced by Morgan Stanley last month. This marks the first known investment by the rocket manufacturer in xAI and is among its most substantial investments in another company.
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