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Elon Musk’s xAI raises $10B in debt and equity

Seeking Alpha on MSN · 2d

Elon Musk's xAI raises $5B each in new debt and equity: Morgan Stanley

Billionaire Elon Musk's xAI has completed a $5B debt raise along with a separate $5B strategic equity investment, according to Morgan Stanley (NYSE:MS) The $5B in debt consists of financing of secured notes and term loans,

Reuters on MSN · 3d

Musk's xAI raises $5 billion each in fresh debt and equity, Morgan Stanley says

Elon Musk's xAI has completed a $5 billion debt raise alongside a separate $5 billion strategic equity investment, Morgan Stanley said on Monday, as the startup looks to expand its AI infrastructure through data centres amid intensifying competition in the industry.

TechCrunch on MSN · 2d

xAI raises $10B in debt and equity

Elon Musk's AI company, xAI, has raised $5 billion in debt and $5 billion in equity, Morgan Stanley said on Monday.

XAI data center gets air permit to run 15 turbines

NBC New York · 13h

Musk's xAI scores permit for gas-burning turbines to power Grok supercomputer in Memphis

Elon Musk’s artificial intelligence startup attained an official permit to power its Memphis supercomputer facility using natural gas-burning turbines.

USA Today · 1d

Elon Musk's xAI granted permit for 15 turbines at Memphis site: Here's everything we know

Shelby County Health Department has approved a permit for xAI's 15 natural gas turbines at the Paul R. Lowry Road site in Memphis.

Ars Technica · 19h

xAI data center gets air permit to run 15 turbines, but imaging shows 24 on site

On Wednesday, the Shelby County Health Department granted xAI an air permit that allows it to power 15 gas turbines while adhering to a range of restrictions designed to minimize emissions. Expiring on January 2,

2d

Last-Minute Twist on xAI Deal Adds Banks Beyond Morgan Stanley

A trio of banks joined Morgan Stanley in a $5 billion debt deal for xAI Corp., after the company requested their ...

2d

xAI Secures $10 Billion to Power Growth

AI raises $5 billion in debt and $5 billion in equity to fuel AI growth, Morgan Stanley says. Tesle CEO Elon Musk's xAI ...

Daily Memphian2d

XAI raises $10 billion. What does it mean for Memphis?

News of xAI securing more funding also comes as the company looks to move ahead on one of its key promises to Memphis — a ...

2d

Last-minute twist in xAI deal brings Barclays, MUFG, and UBS on board

Barclays Plc, Mitsubishi UFJ Financial Group Inc. and UBS Group AG were added to the recent bond and loan sale for Elon ...

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