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Musk's xAI selling $5 billion in debt through Morgan Stanley


//stocks-investing.news-articles.net/content/202 .. ng-5-billion-in-debt-through-morgan-stanley.html
Published in Stocks and Investing on Monday, June 2nd 2025 at 18:01 GMT by Fortune   Print publication without navigation

  • The company has been investing heavily in its Memphis data center, called Colossus, which the debt sale could help finance.

Elon Musk's AI startup, xAI, is reportedly in discussions to raise up to $5 billion in funding, with Morgan Stanley playing a key role in the fundraising efforts. The funds are intended to support the development of a massive data center, dubbed "Colossus," which is expected to be one of the largest of its kind. This data center will be crucial for xAI's ambitious plans to advance its AI capabilities and compete with industry giants like OpenAI and Google. The project underscores Musk's commitment to accelerating human scientific discovery through artificial intelligence, as xAI aims to build AI that can assist in understanding the true nature of the universe.

Read the Full Fortune Article at:
[ https://fortune.com/2025/06/02/elon-musk-xai-startup-5-billion-morgan-stanley-colossus-data-center/ ]

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