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Musk Moves $2B from SpaceX to xAI

Reuters on MSN · 3d

SpaceX to invest $2 billion in Musk's xAI startup, WSJ reports

July 12 (Reuters) - 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 artificial intelligence startup races to compete with rival OpenAI, the Wall Street Journal reported on Saturday.

TechCrunch on MSN · 1d

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

According to a Wall Street Journal report that cites investors close to SpaceX, the company has agreed to invest $2 billion in Musk’s AI startup xAI. The investment would reportedly be part of the $5 billion equity raise (along with another $5 billion in debt) that Morgan Stanley announced at the end of June.

The American Bazaar · 1d

Elon Musk’s xAI raises $2 billion from SpaceX, staff push back on surveillance software

SpaceX is investing $2 billion into Elon Musk’s AI startup xAI, now Tesla might be next. Meanwhile employees raise surveillance concerns.

3don MSN

SpaceX to Invest $2 Billion Into Elon Musk’s xAI

The startup is leaning on Musk’s business empire to play catch-up in the AI race.

1don MSN

Musk suggests Tesla investor vote on xAI investment, rules out merger

Elon Musk ruled out a merger between Tesla and xAI but said he plans to hold a shareholder vote on investment in the ...

Cryptopolitan on MSN3d

xAI is aiming for $200 billion valuation through a new fundraise

If it succeeds, it could push its value as high as $200 billion, 10 times its valuation from early last year, according to ...

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