Billionaire Elon Musk's xAI has completed a $5B debt raise along with a separate $5B strategic equity investment, according to Morgan Stanley (NYSE:MS) The $5B in debt consists of financing of secured notes and term loans,

Elon Musk’s artificial intelligence company xAI has secured significant financing of $10 billion (€8.5 billion) through a combination of debt and equity funding. Morgan Stanley confirmed the development on Monday,

Elon Musk's xAI has completed a $5 billion debt raise alongside a separate $5 billion strategic equity investment, Morgan Stanley said on Monday, as the startup looks to expand its AI infrastructure through data centres amid intensifying competition in the industry.