Elon Musk's X, xAI plan to repay $17.5 billion in debt in full, Bloomberg News reports


FILE PHOTO: A 3D-printed miniature model of Elon Musk and xAI logo are seen in this illustration created on February 16, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

March 2 (Reuters) - Elon Musk's social ⁠media platform X and artificial intelligence startup xAI plan to repay ⁠in full about $17.5 billion in debt tied to the companies, ‌Bloomberg News reported on Monday, citing people familiar with the matter.

Morgan Stanley, which is managing the debt for both companies, has been informing existing lenders that X and xAI plan to ​pay back everything they owe, the report said.

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