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.

SpaceX is investing $2 billion into Elon Musk’s artificial intelligence startup, xAI, almost half of the $5 billion the company just raised through an equity

Elon Musk's SpaceX will invest $2 billion in xAI, marking its first public stake in the artificial intelligence startup, and comes after xAI's merger with X, valuing the company at $113 billion.