Elon Musk, AI and SpaceX
Digest more
SpaceX is hiring an AI engineer to work on accelerating software development, avionics design, and mission operations amid investment in xAI.
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.
Modern Engineering Marvels on MSN3d
SpaceX’s $2B Bet: Will AI Synergy Outpace Starship’s Setbacks in 2025?The company that controls the full stack – from chips to applications to distribution – may ultimately win the AI race.” So states AInvest in its keen observation of the high-stakes arithmetic supporting SpaceX’s record-breaking $2 billion investment in xAI,
This announcement follows reports that another of Musk's key ventures, SpaceX, is set to inject $2 billion into xAI as part of its ongoing $5 billion capital raise. Musk acknowledged this report, noting its dependency on "board and shareholder approval" from SpaceX's side.
Investments into xAI would help Grok better compete with OpenAI's ChatGPT by increasing capital toward research and development.