Musk’s Bankers are Discussing a Plan to Wrangle xAI Debt after SpaceX Merger

Elon Musk’s bankers are working on a potential financing plan after the merger of SpaceX and xAI that could trim some of the heavy interest costs that the billionaire racked up in recent years, according to people familiar with the matter.

Musk built up a debt stack of almost $18 billion with his buyout of Twitter and the creation of his artificial-intelligence developer. A financing deal, which isn’t final, would be expected to help reduce that expensive debt burden ahead of an anticipated initial public offering later this year, said the people, who asked not to be identified because the talks are confidential.