Thursday · October 22, 2026

 ·  Daily  ·  Newsletters

Resonance network: Quantum InsiderSpace Insider

SpaceX Reportedly Set to Invest $2B in Elon Musk’s AI Startup xAI

SpaceX is preparing to invest $2 billion in xAI, the artificial intelligence venture founded by Elon Musk, according to a report by The Wall Street Journal. The deal would mark SpaceX’s first direct investment in xAI and form part of a broader $10 billion funding round, split between equity and debt, coordinated by Morgan Stanley.

xAI’s chatbot Grok is already integrated into SpaceX’s Starlink customer service operations, with further collaborations expected. The move reflects Musk’s strategy of interlinking his companies, following xAI’s recent merger with X (formerly Twitter). Despite recent controversies involving Grok’s behavior, Musk is continuing to expand the bot’s presence across his corporate ecosystem, including within Tesla vehicles.

James Dargan
About the author
James Dargan

James Dargan is a writer and researcher at The AI Insider. His focus is on the AI startup ecosystem and he writes articles on the space that have a tone accessible to the average reader.

Trending today

closeup photo of 100 US dollar banknotes
Business & Markets

ASI Secures $325M Series C at $3B Valuation to Scale AI for Physical Infrastructure

Business & Markets · Enterprise

Disney Agrees to Hire Majority of Character.AI Workforce Following Chatbot Startup’s Bankruptcy

Technology & Infrastructure · Data centres & compute

xMEMS Begins Mass Production of Solid-State Cooling Chips for Edge AI and Data Centers

Business & Markets

Atombeam Announces $18.3M in Funding, Bringing Total Capital Raised to Over $55M 

Business & Markets · Startups

Dream Labs Raises $90M in Seed Funding to Build Foundation Models for Any Robot

The AI economy, every weekday morning

The daily briefing on LinkedIn. Free, one tap to follow.

Exclusives

Exclusive

South Korea’s AI G3 Strategy: Decoded

Scale-ups to Watch

10 Switzerland-Based AI Scale-Ups You Need to Know in 2026

network, blockchain, digital, hand, web, community, artificial, intelligence, steering, interfaces, bokeh, future, digitization, transformation, change, blockchain, blockchain, blockchain, blockchain, blockchain, transformation
Exclusive

Why Crypto Could Be AI’s Payment Layer: BlackRock Sees Stablecoins Connecting Commerce and Compute

AI Predictions
Exclusive

Why AI Predictions Often Get The Technology Right But The Timeline Wrong

Scale-ups to Watch

10 CEE & Baltics-Based AI Scale-Ups You Need to Know in 2026

More in Business & Markets

Latest from the same section
a purple and green background with intertwined circles
Business & Markets · Enterprise

OpenAI Adds Locked Chats to ChatGPT and Acquires Orchestra Bio to Strengthen Life Sciences AI

13 hours ago
Technology & Infrastructure · Applications & agents

Meta’s Muse AI Agent Hits 10M U.S. Downloads in First 40 Days

13 hours ago
Business & Markets · Enterprise

Anthropic and Nscale Reportedly Near Second $45B AI Compute Deal

1 day ago
A glossy glass cube with the Microsoft logo on a dark surface
Technology & Infrastructure · Applications & agents

Microsoft Adds Guardian Agents to Treat Enterprise AI Agents as Potential Insider Threats

1 day ago

The AI economy, every weekday morning

The daily briefing plus the weekly Scale-ups to watch edition. Free, no spam, unsubscribe any time.