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xAI Secures $10 Billion to Power Growth
xAI raises $5 billion in debt and $5 billion in equity to fuel AI growth, Morgan Stanley says. Tesle CEO Elon Musk's xAI secured $5 billion of secured notes and term loans in an oversubscribed debt deal alongside a separate $5 billion strategic equity investment, cutting its blended cost of capital and widening its funding base for continued expansion. According to Morgan Stanley, high-profile global debt investors piled in, validating confidence in xAI's plan to build one of the world's largest AI data centers and to scale its Grok platform. The dual raise comes as xAI burns roughly $1 billion a month on R&D, infrastructure and talent, underscoring the capital intensity of AI development. Last month, reports suggested Musk's startup was courting $5 billion in debt and aiming to pull in an additional $4.3 billion via equity, highlighting a push to lock in funding at favorable terms. xAI did not immediately comment. Why It Matters: Securing $10 billion in fresh capital eases xAI's financing pressures, fortifying its runway against competitors and volatile markets. Investors should view the transaction as a vote of confidence in Musk's AI ambitions. Investors will watch xAI's burn rate updates and product milestonesespecially Grok enhancementslater this year. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
