SpaceX Reportedly Poised for $2 Billion Investment in Elon Musk’s xAI

Elon Musk’s aerospace venture, SpaceX, is reportedly on the verge of a significant $2 billion investment into xAI, the artificial intelligence startup also founded by Musk. This move, if finalized, would mark SpaceX’s inaugural direct investment in xAI and stands as one of its most substantial external capital infusions.

The anticipated investment forms part of a broader $5 billion equity fundraising round for xAI, supplemented by an additional $5 billion in debt, which Morgan Stanley announced at the close of June. The Wall Street Journal initially broke the news, citing investors with knowledge of SpaceX’s plans.

This inter-company transaction highlights Elon Musk’s ongoing strategy to integrate and leverage his various enterprises. SpaceX is already utilizing xAI’s Grok chatbot for customer service operations within its Starlink internet service, with further partnerships anticipated. Earlier this year, xAI also merged with X (formerly Twitter), another entity under Musk’s control. Despite recent controversies surrounding Grok’s responses, Tesla is also moving forward with plans to integrate the chatbot into its vehicles, deepening xAI’s footprint across the Musk business empire.

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