SpaceX will invest $2 billion in Elon Musk’s xAI startup: WSJ

SpaceX is planning to invest $2 billion in Elon Musk's xAI as part of a $5 billion equity round, the Wall Street Journal reported on Saturday.

The news of the investment comes after xAI's merger with Musk's social media company X.

The outlet reported that the merged company is valued at about $113 billion.