Musk’s xAI to Buy Back $3 Billion of Debt Early in Run-Up to IPO
Elon Musk’s artificial intelligence startup xAI is planning to pay back $3 billion of junk bonds early, according to people with knowledge of the matter and data compiled by Bloomberg.
By Gowri Gurumurthy, Paula Seligson, Carmen Arroyo · Bloomberg Markets
Elon Musk’s artificial intelligence startup xAI is planning to pay back $3 billion of junk bonds early, according to people with knowledge of the matter and data compiled by Bloomberg.