The ongoing feud between Elon Musk and Donald Trump is complicating Morgan Stanley’s $5 billion debt offering for Musk’s artificial intelligence venture, xAI.
Despite the tensions, initial investor interest in the debt offering remains strong, as the sale is set to close later this month.
Morgan Stanley projects that xAI will surpass $13 billion in annual revenue by 2029, indicating significant long-term potential for the company.
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