Musk’s comments come after The Wall Street Journal reported Saturday that his rocket company SpaceX had committed $2 billion toward a recent fundraising round for xAI. xAI requires billions of dollars to power servers as it tries to play catch-up in the ...

According to a Wall Street Journal report that cites investors close to SpaceX, the company has agreed to invest $2 billion in Musk’s AI startup xAI. The investment would reportedly be part of the $5 billion equity raise (along with another $5 billion in debt) that Morgan Stanley announced at the end of June.

The investment from SpaceX is part of xAI’s $5 billion equity fundraising effort, which was announced by Morgan Stanley last month.