SpaceX Pumps $2 Billion into Musk's xAI, Merges with X at $113 Billion Valuation
Summary
SpaceX injects $2 billion into Elon Musk's xAI, which merges with X at a staggering $113 billion valuation, integrating Grok chatbot and intensifying AI rivalry with OpenAI through massive model training and infrastructure investments.
Key Points
- SpaceX invests $2 billion into Elon Musk's AI startup xAI as part of a $5 billion equity round
- Musk merges xAI with X, valuing the new company at $113 billion and integrating Grok chatbot
- Musk's AI startup competes with rival OpenAI while spending heavily on model training and infrastructure