Morgan Stanley is shopping a $5bn debt package for Musk, here’s what it’s for

Morgan Stanley is reportedly arranging a $5 billion debt package for Elon Musk’s AI company, xAI Corp, to support general corporate purposes, including its Memphis data center, Colossus. This follows reports of xAI raising $300 million through a stock sale and seeking $20 billion in funding. Additionally, Musk’s Neuralink Corp.