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

Elon Musk’s rocket firm SpaceX has invested $2 billion into his AI venture xAI, marking the space company’s first public stake in the artificial intelligence sector. The move comes amid a $5 billion equity round and values xAI at a staggering $113 billion following its merger with X (formerly Twitter).