SpaceX has committed $2 billion to Elon Musk’s AI venture, xAI, as part of a $5 billion equity fundraising effort reported by Morgan Stanley. This investment constitutes nearly half of xAI's recent capital raise and is SpaceX's first known investment in the AI company. Musk aims to enhance Grok's capabilities, which is already powering customer support for SpaceX’s Starlink service, amidst ongoing challenges with SpaceX’s Starship rocket development.
SpaceX has committed $2 billion to Elon Musk’s AI venture, xAI, as part of a $5 billion equity fundraising effort reported by Morgan Stanley. This investment constitutes nearly half of xAI's recent capital raise and is SpaceX's first known investment in the AI company. Musk aims to enhance Grok's capabilities, which is already powering customer support for SpaceX’s Starlink service, amidst ongoing challenges with SpaceX’s Starship rocket development.