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.

SpaceX has committed $2 billion to xAI as part of a $5 billion equity round, deepening the ties between tech billionaire Elon Musk's ventures as his artificial intelligence startup races to compete with rival OpenAI,

Elon Musk's SpaceX has invested $2 billion in xAI. This move integrates AI deeper into Musk's ecosystem. xAI merged with X, valuing the company at $113 billion. Grok, xAI's chatbot, will power Starlink customer support.