Kurt Wagner

3 weeks ago | nwaonline.com | Jeannine Amodeo |Kurt Wagner

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. Morgan Stanley is shopping the debt for xAI with a double-digit interest rate, according to people familiar with early pricing discussions.