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.

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,

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.

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.

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

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

Elon Musk said a year ago that AI has no use at SpaceX. Now he's willing to pay $170k a head for AI engineers. Elon Musk's SpaceX is recruiting AI software engineers and promising them six-figure salaries.

AI safety researchers from OpenAI, Anthropic, and nonprofit organizations are speaking out publicly against the “reckless” and “completely irresponsible” safety culture at xAI, the billion-dollar AI startup owned by Elon Musk. The criticisms follow weeks of scandals at xAI that have overshadowed the company’s technological advances.