Overview

• SpaceX’s $2 billion injection represents nearly half of xAI’s recent $5 billion fundraising effort led by Morgan Stanley
• Musk merged xAI with X in early 2024, integrating Grok directly into the social media platform for premium subscribers
• That merger lifted the combined xAI–X valuation to $113 billion as Musk pushes to rival established AI players
• Grok already powers AI features on X and supports Starlink customer service with potential expansion into Tesla’s Optimus robots
• The deal stands as one of SpaceX’s largest non-aerospace investments, signaling a strategic diversification as Starship development faces delays