According to online reports, according to The Information, Morgan Stanley said that Elon Musk's xAI company raised $5 billion in equity in addition to raising $5 billion in debt financing. Morgan Stanley advised on the debt deal but did not disclose a specific list of debt or equity investors. xAI raised $6 billion in December last year from investors including Andreessen Horowitz, BlackRock, Lightspeed Venture Partners and MGX to build AI data centers and improve its ChatGPT-like product Grok. Subsequently, xAI acquired Musk's social media company X in an all-stock deal, and the combined company was valued at US$113 billion. According to a person familiar with the matter, the debt financing includes: $3 billion in bonds with a yield of 12.5%, a $1 billion fixed-rate term loan with an interest rate of 12.5%, and a $1 billion term loan with an interest rate above the benchmark interest rate by 7.25 percentage points and sold at a discount of 96 cents per dollar.