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.

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,

Elon Musk’s SpaceX is reportedly planning to invest $2 billion into his own artificial intelligence firm, xAI.Musk has been mobilising his business empire to boost an AI firm, which is currently racing to outdo major players,