đ¨ Elon Musk Raises $5B in High-Yield Debt for xAI đ¸ #XAI #ElonMusk #AIinfra
According to Bloomberg, Musk is issuing $5 billion in debt via Morgan Stanley for xAI, with some bonds offering up to 12% yields đł
Funds will support a massive data center in Memphis, expanding his AI infrastructure push.
đ§ On top of that, Musk also raised $650M for Neuralink and sold $300M of xAI shares via secondary sale.
Musk is going all in on AI, brain-tech, and compute! đĽ
