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Musk Moves $2B from SpaceX to xAI

TechCrunch on MSN · 1d

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.

TheStreet on MSN · 26m

Elon Musk’s xAI pushes Grok into Palantir territory

xAI recently secured $10 billion, split evenly between a $5 billion equity raise and a $5 billion debt package arranged by Morgan Stanley. That round took its meteoric valuation to $113 billion, thanks in part to a $2 billion boost from SpaceX. Now, talks suggest a new raise that could take its value to between $170 billion and $200 billion.

Reuters on MSN · 3d

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

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.

2d

SpaceX To Fund xAI With $2 Billion To Dominate AI; Musk Junks Reports Of External Funding As Rumors

Per the Wall Street Journal, the investment by SpaceX is part of a $5 billion equity fundraise by Morgan Stanley for xAI.

Cryptopolitan on MSN4d

xAI is aiming for $200 billion valuation through a new fundraise

If it succeeds, it could push its value as high as $200 billion, 10 times its valuation from early last year, according to ...

1don MSN

Elon Musk’s Latest Move Could Pull Tesla Deeper Into the AI Race

Elon Musk is once again blurring the lines between his companies, and this time, he’s asking Tesla shareholders to help him chase the future of AI.

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