• Mon, June 2, 2025

by: Fortune

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

The company has been investing heavily in its Memphis data center, called Colossus, which the debt sale could help finance.
  • Tue, June 3, 2025

by: PBS

NJ Spotlight News | Murphy administration: Divest from company boycotting Israel | Season 2024

Division of Investment says ITOCHU Corporation now ineligible for NJ funds

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55 Earnings Releases for Jun 03rd, 2025

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

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/