Summary: Morgan Stanley is marketing a $5 billion debt package for Elon Musk’s xAI, including bonds and loans. The deal, structured as a ‘best efforts’ transaction, reflects banks’ caution in an uncertain economic environment. This approach aims to avoid the situation with Musk’s $44 billion acquisition of X, where banks were stuck holding debt for over two years.

Link: https://www.channelnewsasia.com/business/morgan-stanley-markets-5-billion-elon-musk-owned-xai-loans-bonds-sources-say-5172116