Tagged: xAI

SpaceX and xAI are Both OurCrowd Portfolio Companies

SpaceX, Elon Musk’s space exploration firm, recently announced it would merge with xAI, Musk’s AI startup. The combination of the two firms will create a massive $1.25 trillion tech firm, with xAI valued at $250 billion. Another interesting note about these two firms are they are… Read More

SpaceX and xAI Merge in $1.25 Trillion Deal Ahead of IPO

Billionaire tech entrepreneur Elon Musk has orchestrated the acquisition of his artificial intelligence venture, xAI, by SpaceX, his pioneering rocket and satellite company. Announced on February 2, 2026, this merger consolidates two of Musk’s flagship private enterprises into a single powerhouse entity, valued at an… Read More

AI Adoption : Colossus 2 Supercomputer for Grok Now Operational, Will Have Significant Implications for Fintech Platforms

xAI has activated its Colossus 2 supercomputer, marking it as the inaugural gigawatt-level training cluster globally. This milestone, shared by billionaire tech entrepreneur Elon Musk on X, underscores xAI’s rapid advancement in scaling AI capabilities, with plans to boost capacity to 1.5 gigawatts by April…. Read More

xAI Announces $20 Billion Series E to Expand Grok and Construct Large AI Network

xAI has reportedly closed a $20 billion Series E funding round. Announced on January 7, 2026, this infusion of capital is set to propel the company’s ambitious goals, focusing on enhancing its flagship AI model, Grok, and establishing what could become the planet’s most extensive… Read More

Republic Creates Special Purpose Vehicle (SPV) to Purchase Shares of xAi, Offers Access to Investors

 xAI, the artificial intelligence (AI) firm started by Elon Musk and incorporated into his social media platform X (Grok), is actively pursuing a funding round that aims to raise $15 billion at a pre-money valuation of $230 billion. The funding round is expected to close… Read More

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