Musk taps investors for billions days after Washington exit

ELON MUSK IS selling $5 billion in debt for his artificial intelligence startup, xAI Corp., the latest in a series of fundraising efforts across his business empire as the billionaire pivots away from politics and returns to running his various companies.

- JEANNINE AMODEO, KURT WAGNER & JILL R. SHAH

Morgan Stanley is shopping the debt for xAI with a double-digit interest rate, according to people familiar with early pricing discussions. The financing could help Musk continue to spend aggressively on AI infrastructure as he builds out a massive data center in Memphis.