SpaceX, owned by Elon Musk, is investing $2 billion into his AI startup xAI, which developed the chatbot Grok, reported Kursiv.media. The funds are part of a $5 billion financing round led by Morgan Stanley. This marks the first and largest investment by SpaceX into an external project.
Despite increasing revenues, SpaceX continues to spend billions on the Starship rocket, which is still facing technical challenges.
Musk is actively expanding xAI, spending billions annually on model training. The startup has merged with social network X, and the combined company’s valuation has reached $113 billion (approximately 1.4 trillion UZS). Read 'Zamin' on Telegram!
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