SpaceX to invest $2 billion in Musk’s xAI startup: Report

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SpaceX has invested $2 billion in xAI as part of a $5 billion equity round, strengthening Elon Musk’s AI endeavors. This investment values the merged xAI and X at $113 billion, with the Grok chatbot now supporting Starlink and potentially integrating into Tesla’s Optimus robots. Despite controversies, Musk touts Grok as the smartest AI, driving xAI’s heavy spending on development.

Image for SpaceX to invest $2 billion in Musk's xAI startup: ReportAP
Elon Musk
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



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SpaceX to invest $2 billion in Musk’s xAI startup: Report


Synopsis

SpaceX has invested $2 billion in xAI as part of a $5 billion equity round, strengthening Elon Musk’s AI endeavors. This investment values the merged xAI and X at $113 billion, with the Grok chatbot now supporting Starlink and potentially integrating into Tesla’s Optimus robots. Despite controversies, Musk touts Grok as the smartest AI, driving xAI’s heavy spending on development.

Image for SpaceX to invest $2 billion in Musk's xAI startup: ReportAP
Elon Musk
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



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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