Musk Moves $2B from SpaceX to xAI
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Per the Wall Street Journal, the investment by SpaceX is part of a $5 billion equity fundraise by Morgan Stanley for xAI. Earlier, xAI was merged with X (formerly Twitter), combining the entity's value at $133 billion. With the aerospace firm's investment, the company's shares will only rally, boosting the confidence of the investors.
Elon Musk’s SpaceX has agreed to invest $2 billion in xAI, investors close to the companies said, nearly half of the Grok chatbot maker’s recent equity raise.
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Cryptopolitan on MSNxAI is aiming for $200 billion valuation through a new fundraiseIf it succeeds, it could push its value as high as $200 billion, 10 times its valuation from early last year, according to sources in the know. The fundraising is still being discussed and could start next month,
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.