Elon Musk's X, xAI plan to repay $17.5 billion in debt in full, Bloomberg News reports
Tehnologie
March 2 : Elon Musk's social media platform X and artificial intelligence startup xAI plan to repay in full about $17.5 billion in debt tied to the companies, Bloomberg News reported on Monday, citing people familiar with the matter. Morgan Stanley, which is managing the debt for both companies, has been informing existing lenders that X and xAI plan to pay back everything they owe, the report said. Bloomberg reported that xAI's $3 billion of high-yield bonds are set to be redeemed at about $1.
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