July 13, 2025:
SpaceX Commits $2 Billion to Musks xAI - SpaceX plans to invest $2 billion in Elon Musk's AI startup, xAI, as part of a $5 billion equity raise announced by Morgan Stanley. This marks SpaceX's first major investment in another company, following its use of xAI's chatbot, Grok, for Starlink customer service. The investment reflects Musk's strategy of leveraging his businesses to support one another.
Despite previous controversy over Grok's antisemitic remarks, the chatbot is being integrated into Tesla vehicles. Further collaborations between Musk's companies are anticipated, underscoring his approach to creating synergies among his ventures.
