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.

SpaceX CEO Elon Musk posted on X, formerly known as Twitter, that the space company, housed in South Texas, aims to launch its 10th flight in three weeks. Musk

SpaceX invests $2 billion in xAI, part of a $5 billion equity round, to enhance ties between Elon Musk's ventures.

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.

In a surprising collaboration, SpaceX launched 24 of Amazon's Kuiper internet satellites into orbit from Florida. This marks a significant step for Am

The per-share price of $212 is up substantially from the $185 set in a prior transaction that valued SpaceX at $350 billion in December. The deal marks a rapidly climbing values for the rocket and satellite maker,

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

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.

Amazon partners with SpaceX to launch 24 Kuiper satellites, marking a rare collaboration between tech rivals in the growing satellite internet race.