The investment from SpaceX is part of xAI’s $5 billion equity fundraising effort, which was announced by Morgan Stanley last month.

Elon Musk’s rocket and satellite Internet company SpaceX plans to invest in his generative AI business xAI. The Wall Street Journal reports that SpaceX will pump $2 billion into the Grok company, as part of a broader $5bn round. SpaceX previously loaned money to Tesla and helped fund his acquisition of social media platform X.

Elon Musk’s SpaceX is set to invest $2 billion in his artificial intelligence startup xAI, as part of a broader $5 billion equity round, according to a report by The Wall Street Journal. The deal would mark SpaceX’s first investment in xAI and significantly deepen the financial and operational ties between Musk’s business ventures.