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Elon Musk Is Trying to Get His Other Companies to Foot the Bill for xAI
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.
Elon Musk’s SpaceX to invest $2bn in Elon Musk’s xAI
Elon Musk’s rocket and satellite Internet company SpaceX plans to invest in his generative AI business xAI. The Wall Street Journal reports that SpaceX will pump $2 billion into the Grok company, as part of a broader $5bn round. SpaceX previously loaned money to Tesla and helped fund his acquisition of social media platform X.
Rocket Lab stock is gaining as Elon Musk steps up his feud with President Donald Trump. Here are some other companies to ...
The commercial spaceflight company is headquartered at Starbase in South Texas near the U.S.-Mexico border. The site, which is where SpaceX has been conducting routine flight tests of its 400-foot ...
Depending on weather and cloud cover, a SpaceX Falcon 9 rocket launch from Cape Canaveral may be seen from Jacksonville to West Palm Beach, Florida.
Much of Elon Musk’s business empire is in disarray, but his rocket-and-satellite company is riding high.
The US Air Force has halted its hypersonic rocket cargo project with SpaceX due to environmental concerns. Scientists and ...
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