Morgan Stanley opens xAI books with Musk in Trump crosshairs

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Even before Elon Musk and President Donald Trump’s public falling out, selling debt for the tech mogul’s companies has always been tricky for Morgan Stanley. But xAI Corp. was supposed to be different.

Beyond the frenzy around artificial intelligence in markets of late, internal numbers, which the bank revealed to a select group of investors Thursday, show a company that anticipates generating more than $13 billion of annual earnings by 2029, according to a person with knowledge of the figures.

Yet the Musk-Trump feud, which has exploded into…



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Morgan Stanley opens xAI books with Musk in Trump crosshairs


Even before Elon Musk and President Donald Trump’s public falling out, selling debt for the tech mogul’s companies has always been tricky for Morgan Stanley. But xAI Corp. was supposed to be different.

Beyond the frenzy around artificial intelligence in markets of late, internal numbers, which the bank revealed to a select group of investors Thursday, show a company that anticipates generating more than $13 billion of annual earnings by 2029, according to a person with knowledge of the figures.

Yet the Musk-Trump feud, which has exploded into…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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