Elon Musk’s Spacex Might Invest $2 Billion In Musk’s Xai

In Brief

One Elon Musk business mightiness beryllium making a large finance successful another.

According to a Wall Street Journal report that cites investors adjacent to SpaceX, nan institution has agreed to put $2 cardinal successful Musk’s AI startup xAI. The finance would reportedly beryllium portion of nan $5 cardinal equity raise (along pinch different $5 cardinal successful debt) that Morgan Stanley announced astatine nan extremity of June.

This would beryllium SpaceX’s first finance successful xAI, and 1 of its biggest investments successful different company. The WSJ says SpaceX already uses xAI’s chatbot Grok to powerfulness customer work for its Starlink net service, pinch plans for much partnerships.

Musk has not been awkward astir utilizing his various companies to support each other, for illustration merging xAI pinch X (formerly Twitter) earlier this year. And contempt xAI’s caller apology for Grok’s antisemitic comments (including posts wherever nan chatbot described itself arsenic “MechaHitler”), Tesla is bringing Grok to its vehicles.

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