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Elon Musk Is Trying to Get His Other Companies to Foot the Bill for xAI
Investors familiar with the matter told The Wall Street Journal that the rocket company SpaceX has agreed to invest a whopping $2 billion in xAI, the Musk-led firm behind the controversial large language model Grok. This investment makes up almost half of the $5 billion of equity that the AI company raised last month.
Elon Musk is integrating AI across his companies and blurring the lines between them.
The per-share price of $212 is up substantially from the $185 set in a prior transaction that valued SpaceX at $350 billion ...
Donald Trump Jr., a partner at 1789 Capital, said the investment firm still supports Elon Musk’s companies financially and is ...
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