Morgan Stanley Expands Debt Offering for xAI Corp’s $5 Billion Request

Morgan Stanley is actively seeking new investors to bolster demand for xAI Corp’s upcoming $5 billion debt offering, according to BlockBeats. This initiative reflects the complex dynamics surrounding Elon Musk’s AI startup amidst ongoing tensions between Musk and former U.S. President Donald Trump. Initial outreach garnered over $3.5 billion in commitments last week, suggesting a strong interest in the financing project. However, as of Monday, demand remained at approximately $5 billion, prompting Morgan Stanley to expand its investor pool by contacting smaller lending institutions not included in the initial list.