E lon 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.

SpaceX is investing $2 billion in xAI, Elon Musk's AI company, as part of a $5 billion equity round, amid his efforts to boost the AI startup.

The startup is leaning on Musk’s business empire to play catch-up in the AI race.