Business

Morgan Stanley markets $5 billion for Elon Musk-owned xAI in loans, bonds, sources say

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Morgan Stanley is marketing a $5 billion package of bonds and two loans on behalf of billionaire Elon Musk-owned xAI, at the same time as a falling out between the world's richest man and the U.S. president plays out in public, sources familiar with the matter told Reuters.

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