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Elon Musk's X, xAI plan to repay $17.5 billion in debt in full, Bloomberg News reports
Yahoo Finance· 2026-03-02 18:53
March 2 (Reuters) - Elon Musk's social media platform X and artificial intelligence startup xAI plan to repay in full about $17.5 billion ‌in debt tied to the companies, Bloomberg News reported on Monday, ‌citing people familiar with the matter. Morgan Stanley, which is managing the debt for both companies, ​has been informing existing lenders that X and xAI plan to pay back everything they owe, the report said. Bloomberg reported that xAI's $3 billion of high-yield bonds are set to be redeemed at abou ...