Elon Musk’s X And xAI Transfer To Repay $17.5 Billion Debt In Full — Early Payoff Alerts Main Monetary Reset Forward Of SpaceX IPO: Report – Morgan Stanley (NYSE:MS)

Elon Musk’s social media platform X and AI enterprise xAI are reportedly planning to totally repay about $17.5 billion in debt.

Debt Reimbursement Plan Alerts Steadiness Sheet Overhaul

Morgan Stanley (NYSE:MS) has been informing lenders concerning each corporations’ intention to repay the debt, Bloomberg reported on Monday, citing individuals with information of the matter.

As per the report, xAI’s $3 billion in high-yield bonds might be paid off at about $1.17 for each $1 borrowed. The supply of the repayments is but to be decided.

xAI didn’t instantly reply to Benzinga’s request for feedback.

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