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SpaceX to invest $2 billion in Elon Musk's xAI amid growing cross-venture integration
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.
The potential valuation comes amidst talks involving Saudi Arabia's sovereign wealth fund, which holds an indirect stake ...
Regtechtimes on MSN2h
Tesla eyes mega xAI deal as SpaceX mulls $2B boost—shareholders hold the powerTesla, the electric car company, may soon ask its shareholders to vote on a major investment in a company called xAI. This announcement comes after reports surfaced that another one of the billionaire ...
Billionaire investor Chamath Palihapitiya sparked speculations regarding a potential megamerger between Elon Musk's biggest ...
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Per the Wall Street Journal, the investment by SpaceX is part of a $5 billion equity fundraise by Morgan Stanley for xAI.
Cryptopolitan on MSN1d
xAI is aiming for $200 billion valuation through a new fundraiseIf it succeeds, it could push its value as high as $200 billion, 10 times its valuation from early last year, according to ...
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