Musk's xAI company secures $10 billion in funding, including debt and equity.

According to Gate News bot, The Information reported that Elon Musk's xAI has successfully raised $10 billion in funding, which includes $5 billion in debt financing and $5 billion in equity funding. Morgan Stanley served as an advisor for this debt transaction, but did not disclose the specific list of investors.

In December of last year, xAI secured $6 billion in funding from investors such as Andreessen Horowitz and BlackRock for the construction of AI data centers and the improvement of its AI product, Grok. Subsequently, xAI acquired Musk's X company through an all-stock transaction, with a post-merger valuation of $113 billion.

Insiders revealed that this debt financing includes $3 billion in bonds with a yield of 12.5%, $1 billion in term loans with an interest rate of 12.5%, and $1 billion in term loans with a benchmark rate 7.25 percentage points above, discounted at 96 cents per dollar.