马斯克“弃政返商”后大规模发售股债：xAI和Neuralink正融资数十亿美元

Core Viewpoint - Morgan Stanley is arranging a $5 billion debt financing for Elon Musk's AI company xAI at double-digit interest rates to support investments in AI infrastructure, particularly a large data center in Memphis [1] Group 1: Debt Financing Details - The debt financing includes floating rate term loans, fixed rate term loans, and senior secured bonds, with proceeds allocated for regular business operations, maturing on June 17 [1] - Initial pricing discussions indicate that the floating rate long-term loan's interest rate is 7 percentage points above the benchmark rate, while the yield on senior bonds is approximately 12% [1] - The bond issuance has attracted over $3.5 billion in subscription demand [1] Group 2: Company Developments - xAI is reportedly initiating a $300 million share sale plan, allowing employees to sell shares to new investors, with a company valuation of $113 billion [1] - Musk is refocusing on his business ventures after stepping back from political activities, having previously served as a senior advisor to former President Trump [3] - Musk has merged xAI with his social media platform X to form a new entity called XAI Holdings, and is heavily investing in a data center named "Colossus" in Memphis, which currently has 200,000 GPUs for AI training [3] Group 3: Market Context - The company is in discussions to raise approximately $20 billion, reflecting market enthusiasm for AI and Musk's status as a business and political figure [4] - Morgan Stanley has a longstanding relationship with Musk, having previously advised on the $44 billion acquisition of X (formerly Twitter) and led a group of lenders for that deal [4] - Concerns over Musk's erratic decisions had previously left Morgan Stanley holding $13 billion in high-risk debt on its balance sheet, but the bank successfully cleared the last of this debt in April [4]