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Musk Moves $2B from SpaceX to xAI

TechCrunch · 45m

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.

Reuters on MSN · 7h

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

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,

Seeking Alpha on MSN · 52m

SpaceX is said to commit $2B to Elon Musk’s AI startup xAI

Elon Musk’s rocket company SpaceX (SPACE) is investing $2 billion into his artificial intelligence firm xAI, The Wall Street Journal reported Saturday, citing people familiar with the deal. The investment marks the company’s first known financial commitment to the AI venture and one of its largest external investments to date.

2don MSN

Here are the biggest companies that have followed Elon Musk out of Delaware

Elon Musk urged companies to ditch Delaware last year after a judge voided his $55 billion pay package.

17hon 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.

8hon MSN

Elon Musk hit by mass resignations: Why his CEO Linda Yaccarino and 14 other executives may have just quit

Linda Yaccarino resigned as CEO of X amidst turmoil in Elon Musk's empire, marked by high-profile departures across Tesla, ...

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