What happens when America’s wealthiest entrepreneur goes to war with a former ally just as Wall Street tries to pull off one of the biggest private debt sales in tech history? You get a deal hotter than the asphalt in Death Valley—and twice as...
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Morgan Stanley Moves $5 Billion Debt Deal for Musk’s xAI
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Subscribe11 JUN 2025 / FINANCE
Morgan Stanley is trying to close a $5 billion debt offering for Elon Musk's AI startup, xAI, amidst a public feud between Musk and Donald Trump. The fallout from the feud has globally affected investor confidence, resulting in the steepest one-day drop in Tesla's history, and raising concerns about the profitability of Musk's businesses which have routinely relied on government contracts and subsidies.
What happens when America’s wealthiest entrepreneur goes to war with a former ally just as Wall Street tries to pull off one of the biggest private debt sales in tech history? You get a deal hotter than the asphalt in Death Valley—and twice as...
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