Sources: Elon Musk is selling $5B in xAI debt at a double-digit interest rate via Morgan Stanley, with demand already over $3.5B and commitments due by June 17
Elon Musk is selling $5 billion in debt for his artificial intelligence startup, xAI Corp., the latest in a series …
Bloomberg
Related Coverage
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Discussion
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@rlux.nyc
@rlux.nyc
on bluesky
Having to offer that much of a premium on your debt is not a good thing. [embedded post]
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@hyperlexic
@hyperlexic
on bluesky
Update: apparently xAI has increased in value by 40% in 2 months. [embedded post]
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@conorsen
Conor Sen
on bluesky
I think Elon Musk could raise $300M for essentially anything at any valuation. [embedded post]
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@niedermeyer.online
E.W. Niedermeyer
on bluesky
OK, so XAI is raising $300m in equity, while a $5b debt package is in the works. Musk trying to pump his 5th-place chatbot company to a $113 billion valuation. — This is a critical test of Musk's core skillset, as Tesla and SpaceX run into trouble, and politics saps his popula…
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@kparpiani
Kashish Parpiani
on x
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. https://www.bloomberg.co…
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@neuralink
@neuralink
on x
If you or someone you love is living with severe motor, speech, or vision impairment, join our Patient Registry to stay up to date on our clinical trials: https://neuralink.com/...
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@neuralink
@neuralink
on x
We're excited to announce our $650M Series E fundraising with participation from key investors including ARK Invest, DFJ Growth, Founders Fund, G42, Human Capital, Lightspeed, QIA, Sequoia Capital, Thrive Capital, Valor Equity Partners, Vy Capital, amongst others. We're building
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@mignano
Michael Mignano
on x
We at @lightspeedvp are thrilled to be partnering with Neuralink on their Series E, and support them on their mission to restore autonomy to those with unmet medical needs and unlock human potential. Congrats to the team 💥