Musk's deteriorating relationship with Trump affects financing, Morgan Stanley looks for more buyers for xAI's $5 billion bond
Internet reports that due to tensions between Elon Musk and U.S. President Trump, Morgan Stanley is expanding its investor base to promote the US$5 billion bond sales it raised for Musk's artificial intelligence company xAI. The deal attracted more than US$3.5 billion in subscriptions at the beginning. The market was originally expected to be oversubscribed, but as of Monday, demand had only barely reached the target level. In order to stabilize the transaction progress, Morgan Stanley began to contact small lenders that had not been invited to participate before, reflecting that investors 'attitudes towards the Musk project may change subtly due to political factors.
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