Reported 1 day ago
Morgan Stanley is seeking investors for a $5 billion debt offering for Elon Musk's xAI Corp. due to decreased demand stemming from Musk's public feud with Donald Trump. Despite initial high interest, the demand hasn't exceeded $5 billion, prompting Morgan Stanley to approach smaller lenders. Musk's recent merger of xAI with his platform X has reignited enthusiasm, yet investor caution is growing as Trump's threats to terminate contracts with Musk’s firms linger.
Source: YAHOO