Morgan Stanley is marketing a 5 billion USD debt package for Elon Musk’s xAI. The offering includes floating and fixed-rate options, reflecting the bank’s cautious approach to avoid prior overexposure during financing deals.
Despite initial strong interest exceeding 3.5 billion USD, recent concerns over xAI’s financial losses have cooled investor sentiment. Meetings indicated potential recovery, but orders mainly matched the offering size, lacking significant oversubscription.
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