BlockBeats News, July 1st, according to The Information, Morgan Stanley stated that Elon Musk's xAI company raised not only $5 billion in debt financing but also $5 billion in equity funding. Morgan Stanley is the advisor for this debt transaction but did not disclose the specific list of debt or equity investors.
Last December, xAI raised $6 billion from investors including Andreessen Horowitz, BlackRock, Lightspeed Venture Partners, and MGX to build an AI data center and enhance its ChatGPT-like product Grok. Subsequently, xAI acquired Musk's social media company X in an all-stock transaction, resulting in a post-merger company valuation of $113 billion.
According to a source familiar with the matter, this debt financing includes: $3 billion in bonds with a 12.5% yield, a $1 billion fixed-rate term loan at 12.5% interest, and a $1 billion term loan with an interest rate floating 7.25 percentage points above the benchmark rate, sold at a discount of $0.96 per dollar.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。