Investors familiar with the matter told The Wall Street Journal that the rocket company SpaceX has agreed to invest a whopping $2 billion in xAI, the Musk-led firm behind the controversial large language model Grok. This investment makes up almost half of the $5 billion of equity that the AI company raised last month.

CEO Elon Musk says Tesla shareholders will vote on investing in his artificial intelligence (AI) startup xAI (XAAI.PVT). Musk also clarified that he doesn't support a merger of the two companies. Yahoo Finance Senior Autos Reporter Pras Subramanian sits down with Julie Hyman and Innovator Capital Management chief investment strategist Tim Urbanowicz to discuss the latest on Musk and Tesla.