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xAI to repay $3B in bonds early, paying a premium, as part of financial restructuring after SpaceX's acquisition.
Elon Musk’s AI company xAI plans to repay $3 billion in high-yield bonds early, Bloomberg reports, paying about 117 cents on the dollar, a premium for early redemption.
The move, part of broader financial restructuring after SpaceX acquired xAI in February for $250 billion, aims to reduce debt costs ahead of SpaceX’s anticipated 2026 IPO.
The repayment follows a $5 billion debt package and a $20 billion funding round.
Morgan Stanley, which managed the debt, confirmed the plans to lenders, though neither xAI nor SpaceX has commented.
The original bonds, issued in June 2025, were set to mature in at least two years.
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xAI para reembolsar $ 3 mil millones en bonos antes de tiempo, pagando una prima, como parte de la reestructuración financiera después de la adquisición de SpaceX.