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,

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 round organized by Morgan Stanley, according to The Wall Street Journal.