Elon Musk’s Epic Pivot: SpaceX Swallows xAI, Bankers Tackle $18 Billion Debt Bomb Before Historic IPO
Key Takeaways Bankers are planning to trim xAI’s $18 billion debt accumulated from X (Twitter) purchase and AI development, post-merger with SpaceX. Financing deal aims to reduce heavy interest costs ahead of SpaceX’s potential IPO this year. Morgan Stanley to lead the effort, joined by Goldman Sachs, Bank of America, and JPMorgan for SpaceX IPO.…