US EditionSpaceX 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.
Insights by Ground AI
Does this summary seem wrong?
153 Articles
153 Articles
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
Read Full Article
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 Sources153
Leaning Left18Leaning Right20Center29Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 27%
C 43%
R 30%
Factuality
To view factuality data please Upgrade to Premium
