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flag Elon Musk’s X and xAI plan to repay $17.5 billion in debt, with $3 billion in bonds to be redeemed at 117 cents on the dollar.

flag Elon Musk’s X and xAI plan to repay about $17.5 billion in debt, according to a Bloomberg report citing sources familiar with the matter. flag Morgan Stanley, which manages the debt, has begun notifying lenders, with xAI’s $3 billion in high-yield bonds expected to be redeemed at 117 cents on the dollar. flag The repayment follows major corporate moves, including SpaceX’s $250 billion acquisition of xAI in February and xAI’s prior $12 billion debt take on when it acquired X in 2025. flag The funding source for the repayments remains undisclosed, and early redemption typically includes penalties. flag Neither X, xAI, nor Morgan Stanley confirmed the report, and Reuters could not verify the details.

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