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SpaceX to invest $2 billion in Musk's xAI startup, WSJ reports
UNITED STATES, JUL 14 – SpaceX’s $2 billion investment supports xAI’s AI research and infrastructure, fueling competition with OpenAI and integrating AI across Musk’s companies, including Tesla and Starlink.
- Last week, The Wall Street Journal reported SpaceX’s $2 billion commitment to xAI, part of a $5 billion Morgan Stanley-led equity round, marking SpaceX’s first public backing of the AI startup.
- Amid its drive to challenge OpenAI, xAI completed a merger with X valued at $113 billion, providing financial heft ahead of the funding round.
- Grok currently powers Starlink support and is slated for Tesla’s Optimus robots, with all new Tesla vehicles from July 13, 2025, set to include Grok AI.
- Elon Musk announced ‘We will have a shareholder vote on the matter,’ and AP News reported the annual meeting is set for November 6, 2025 where an xAI vote could be introduced.
- Amid intensifying AI competition, analysts project xAI will generate $1 billion by year-end and $13 billion by 2029, illustrating Musk’s cross-pollination strategy known as the Muskonomy.
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Musk rules out Tesla-xAI merger, proposes investor vote instead | Honolulu Star-Advertiser
Elon Musk ruled out a merger between Tesla and xAI but said he plans to hold a shareholder vote on investment in the artificial intelligence startup by the automaker, in the latest step to deepen integration across his business empire.
·Honolulu, United States
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SpaceX to Invest $2 Billion in Elon Musk’s xAI as AI Rivalry with OpenAI Intensifies - Tech Startups
Elon Musk just made his next big move in the AI race—and he didn’t have to look far for the money. SpaceX is pumping $2 billion into Musk’s AI startup xAI as part of a massive $5 billion equity round […] The post SpaceX to Invest $2 Billion in Elon Musk’s xAI as AI Rivalry with OpenAI Intensifies first appeared on Tech Startups.
Coverage Details
Total News Sources150
Leaning Left18Leaning Right20Center29Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 27%
C 43%
R 30%
Factuality
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