SpaceX has agreed to invest $2 billion in Elon Musk 's artificial intelligence company xAI. The investment makes up nearly half of the company's recent $5 billion equity round, according to investors cited by The Wall Street Journal.

On Sunday, Musk said his EV company, Tesla will hold a shareholder vote on whether to invest in xAI. Musk did not specify when exactly the vote will take place. The Wall Street Journal reported on Saturday that SpaceX was eyeing a $2 billion investment into xAI.

The money behind Elon Musk’s trillion-dollar empire is increasingly flowing in one direction: toward artificial intelligence.

SpaceX is investing $2 billion in xAI, Elon Musk's AI company, as part of a $5 billion equity round, amid his efforts to boost the AI startup.

Elon Musk is integrating AI across his companies and blurring the lines between them.

Investors familiar with the matter told The Wall Street Journal that the rocket company SpaceX has agreed to invest a whopping $2 billion in xAI, the Musk-led firm behind the controversial large language model Grok. This investment makes up almost half of the $5 billion of equity that the AI company raised last month.

Elon Musk's SpaceX has invested $2 billion in xAI. This move integrates AI deeper into Musk's ecosystem. xAI merged with X, valuing the company at $11

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.

Elon Musk says his new AI model ‘better than PhD level in everything’ - The billionaire SpaceX and Tesla boss was speaking at the launch of the latest version of his company xAI’s flagship model.