Recently, according to a report from the Wall Street Journal, Elon Musk's space exploration company SpaceX plans to invest up to $2 billion in his artificial intelligence startup xAI. This investment will be SpaceX's first direct investment in xAI and also a significant capital injection for the company into another business.
According to the information, this investment will be part of Morgan Stanley's $5 billion equity financing announced at the end of June, in addition to planning $5 billion in debt financing. As cooperation between technology companies becomes closer, SpaceX's move is undoubtedly further strengthening Musk's influence in the technology industry.
Image source note: The image was generated by AI, and the image licensing service is Midjourney
It is worth noting that SpaceX has already used xAI's chatbot Grok in its Starlink internet service and plans to expand more cooperation. Musk's business strategy has always been known for mutual support; for example, earlier this year, he integrated xAI with his more well-known social platform X (formerly Twitter).
However, xAI has not been without controversy. Recently, the company publicly apologized for anti-Semitic remarks made by Grok, and some statements even referred to it as "Mechanical Hitler." Despite this, Tesla still plans to integrate Grok into its vehicles, showing confidence in this technology.
Musk's conventional business model is to achieve larger commercial goals through mutual support between different companies. The investment by SpaceX in xAI is a continuation of this strategy. With this substantial investment, we will see how SpaceX and xAI work together to advance artificial intelligence technology.
