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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.
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.
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.
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.
The funding source for the repayments remains undisclosed, and early redemption typically includes penalties.
Neither X, xAI, nor Morgan Stanley confirmed the report, and Reuters could not verify the details.
X y xAI de Elon Musk planean pagar $ 17.5 mil millones en deuda, con $ 3 mil millones en bonos para ser redimidos a 117 centavos por dólar.