Musk Taps Investors for Billions Post Washington Exit

Musk's Presence in Washington Led to Widespread Criticism and Concern About the Performance of His Companies

- Bloomberg

Elon Musk is selling $5 billion in debt for his artificial intelligence (AI) 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.

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