Musk's xAI raises $5 billion each in fresh debt and equity, Morgan Stanley says
Media/Social media
Edition: Singapore Indonesia Asia US/UK Elon Musk's xAI has completed a $5 billion debt raise alongside a separate $5 billion strategic equity investment, Morgan Stanley said on Monday, as the startup looks to expand its AI infrastructure through data centres amid intensifying competition in the industry. The $5 billion raised in debt consists of financing of secured notes and term loans, Morgan Stanley in a statement posted on social media platform X. The deal was oversubscribed and included
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