In a familiar critique of corporate structures, Musk also weighed in on the ideal environment for fostering such long-term, existentially focused AI. He declared, “For long-term optimization, it is better to be a private than a public company, as the latter is punished for long-term optimization beyond the reward cycle of stock portfolio managers.”

According to a Wall Street Journal report that cites investors close to SpaceX, the company has agreed to invest $2 billion in Musk’s AI startup xAI. The investment would reportedly be part of the $5 billion equity raise (along with another $5 billion in debt) that Morgan Stanley announced at the end of June.

SpaceX has invested $2 billion in Elon Musk’s AI venture xAI, according to The Wall Street Journal. The investment makes up nearly half of the company's recent $5 billion equity round. The investment marks SpaceX’s first capital infusion into xAI and one of its largest into another firm,