Elon Musk’s artificial intelligence company, xAI, reportedly launched a $5 billion debt sale and a $300 million share sale.
The $5 billion debt sale was launched Monday (June 2) through Morgan Stanley, with commitments due June 17, and its proceeds will be used for general corporate purposes, Bloomberg reported Monday, citing an unnamed source.
The $300 million share sale will allow staffers to sell their shares to new investors, the Financial Times (FT) reported Monday,…
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