SpaceX will invest $2 billion in Elon Musk’s xAI startup: WSJ

image

SpaceX is planning to invest $2 billion in Elon Musk’s xAI as part of a $5 billion equity round, the Wall Street Journal reported on Saturday.

The news of the investment comes after xAI’s merger with Musk’s social media company X.

The outlet reported that the merged company is valued at about $113 billion.

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.