Elon Musk on Monday said he does not support a merger between xAI and Tesla. On X, Musk suggested that Tesla plans to ask shareholders whether Tesla should invest in xAI, however. Musk owns X, xAI and Tesla and is contemplating the future business relationship between them all.

Elon Musk’s SpaceX is set to invest $2 billion in his artificial intelligence startup xAI, as part of a broader $5 billion equity round, according to a report by The Wall Street Journal. The deal would mark SpaceX’s first investment in xAI and significantly deepen the financial and operational ties between Musk’s business ventures.