Elon Musk’s SpaceX might invest $2 billion in Musk’s xAI

One Elon Musk enterprise could be making an enormous funding in one other.

In accordance with a Wall Street Journal report that cites traders near SpaceX, the corporate has agreed to take a position $2 billion in Musk’s AI startup xAI. The funding would reportedly be a part of the $5 billion fairness elevate (together with one other $5 billion in debt) that Morgan Stanley announced on the finish of June.

This might be SpaceX’s first funding in xAI, and one in every of its greatest investments in one other firm. The WSJ says SpaceX already makes use of xAI’s chatbot Grok to energy customer support for its Starlink web service, with plans for extra partnerships.

Musk has not been shy about utilizing his varied corporations to help one another, for instance merging xAI with X (previously Twitter) earlier this yr. And regardless of xAI’s recent apology for Grok’s antisemitic comments (together with posts the place the chatbot described itself as “MechaHitler”), Tesla is bringing Grok to its vehicles.