Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Unlock the editor’s digestion free
FT editor Roula Khalaf, chooses his favorite stories in this weekly newsletter.
Elon Musk’s artificial intelligence company Xai was closing in a $ 5 billion debt financing package to finance new information centers and chips to strengthen his work. Then on Thursday, the richest man in the world laid his relations with US President Donald Trump.
MUSK’s bankers in Morgan Stanley are now trying to fight this new complication because they are trying to evaluate investors’ fall dramatically According to people’s words, the treacheriation of the musk was informed about the issue. They added that debt can be expensive.
Before two people began to war, the Muskan placed more than $ 4 billion in the threat of Trump to increase government agreements.
Lending to an AI company owned by the President’s First Buddy Musk He was pushed to himself, like a solid bet.
Drew Morgan Stanley Close to the finish line on the growth of debts, with great name investors like TPG.
Morgan Stanley was so high that floating this perspective Xai can be locked in cheaper financing than before.
However, this price remains in the air now, some investors may have to pay to lock in the financing of Wagering Xai.
Multibillion Debt package is expected to be distributed between loans, which are still stable and floating interest rates, and an individual’s $ 5 billion has been increasing.
Bankers, bonds and 11.5 percent of bonds and 11.5 percent of bonds and stable ratio loans, floating rate credit, 7 percent of the rate of 7 percent of the rate of 7 percent of the rate of 7 percent rate was expected to increase price.
“It makes it more difficult,” he said. One of the Bible’s involvement in connection with Musk’s fall with Trump. “You need only the government’s support for all ecosystems, but to do it.) The level of comfort by supporting it.”
The KHA leadership came together as the two people were locked in the social media on social media, the company’s work and forecasts for its growth prospects.
Morgan Stanley, the large loan stores that could order at least 100 mn, the XAI’s sister company in this year has targeted many investors agreeing to receive a loan from the social media website.
With a sign of influence, Kerfiffle had a musk establishments, prices in the debt of the X shifts about 99 kopecks from 99 kopecks per day to about 99 kopecks.
Prior to spitting, Morgan Stanley faced some investors. Lenders have raised concerns with underscores of the transaction, and Khai Galaleyin demands a number of traditional guarantees offered to investors. These can get the amount of increased debt, how much money can pay for investors.
Others asked the credit package and intellectual property that provides the value of collateral. Debt, Xai’s construction is also provided with information centers.
Some investors, if their concerns are not fulfilled, they will move away from the transaction, which is why Xai has to increase or increase. Morgan Stanley, on June 17, which took these terms.
Xai did not immediately respond to comment. Morgan Stanley and TPG refused to comment.
Investors who conducted the necessary research on the debt, said the loss and revenues of the Xai were small. However, their investment thesis is partially related to the company’s capital assessment, and their belief KHAA will begin to sell profitable corporate contracts to use their technology.
“This is probably a product that will be one of the winners of the EU,” he said. “The consumer side has a large lead in Openai, but it can be a material player on the commercial side, which is worth more than $ 20 billion.”
Financial times Reported on Monday This article began a $ 300 million sales sale of $ 113 billion.
Nevertheless, some creditors complained about the limited information shared so far.
People familiar with the bargain said that Morgan Stanley holds a heavy yoke at the entrance to the information room and management calls. One person added that on Thursday, a slide deck a slide before the presentation of investors, received about 10 or fewer slides.
“It was really pretty and I say it as a lover of the Xai information room,” he said.
“All fantasy, this is an idea,” he said. “They still spend money to avoid money.”
Additional report by Robert Smith in London
