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SpaceX will invest $2 billion in Elon Musk's artificial intelligence company xAI

2025-07-14   

According to insiders, SpaceX, founded by Silicon Valley entrepreneur Elon Musk, will invest $2 billion in its AI company xAI as part of its $5 billion equity financing. The Wall Street Journal reported on the 12th, citing investor sources, that this is the first time a space exploration technology company has invested in xAI, and it is also one of its major investments. Morgan Stanley, a US investment bank, announced in June that xAI will launch a $5 billion equity financing. This is a document photo of Elon Musk's speech at the First Capital Arena in Washington, D.C. on January 20th. After resigning as the head of the US government's Department of Efficiency at the end of May this year, Musk focused on the development and training of xAI's artificial intelligence model "Glock". He has repeatedly utilized his own commercial resources to promote the development of xAI. Earlier this year, he merged xAI with his social media platform X, creating a new enterprise with a market value of $113 billion, expanding the scope of the "Glock" model. The "Glock" model is also used to support the customer service of the satellite Internet system "Star Chain" of the Space Exploration Technology Company, and is expected to carry out more cooperation with the Space Exploration Technology Company in the future. After the latest version "Glock 4" was released on the 9th, it received a high rating from the AI technology benchmark testing service "Artificial Intelligence Analysis Network". Musk said at the press conference that he plans to embed the "Glock" model into humanoid robots, including the humanoid robot "Optimus Prime" developed by Tesla Motors. This is a photo of the Dragon spacecraft and Falcon 9 rocket taken on February 25, 2023 at the Kennedy Space Center in Florida, USA. According to Xinhua News Agency (NASA photo provided), Musk hopes that xAI can compete with artificial intelligence companies such as the Open AI Research Center, and the funds used for training artificial intelligence models are also comparable, reaching billions of dollars annually. The report states that although these artificial intelligence companies have high market valuations, they continue to face cash pressure. In addition to the recent $5 billion equity financing, xAI has also borrowed an additional $5 billion. An investor expects that xAI will further raise funds within this year. Musk has also repeatedly used space exploration technology companies to support other companies under his name. In the early days of Tesla's establishment, Musk personally borrowed $20 million from SpaceX to support Tesla. He also borrowed $1 billion from SpaceX to acquire social media platform X (then known as "Twitter"), which he quickly repaid. Experts believe that investing in xAI may pose risks to space exploration technology companies. Although this space technology company has seen revenue growth in recent years, it has invested billions of dollars in developing a 'starship'. This next-generation carrier rocket technology is lagging behind in development and has failed multiple test launches. According to reports, the space exploration technology company has a recent cash balance of over 3 billion US dollars. (New Society)

Edit:Yi Yi Responsible editor:Li Nian

Source:www.news.cn

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