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.

Musk asked X users publicly last year if Tesla should invest $5 billion in xAI, writing at the time that he was just testing the waters

NEW YORK: Tesla will give its shareholders the option to invest in artificial intelligence (AI) startup xAI, billionaire owner of both companies, Elon Musk said on his social media platform X.