Elon Musk said on Monday that he has no intention of combining Tesla with his artificial intelligence company xAI, after a Tesla investor on X asked if they’d support a merger between the two. Elon gave a one-word answer: “No.

Per the Wall Street Journal, the investment by SpaceX is part of a $5 billion equity fundraise by Morgan Stanley for xAI. Earlier, xAI was merged with X (formerly Twitter), combining the entity's value at $133 billion. With the aerospace firm's investment, the company's shares will only rally, boosting the confidence of the investors.