Friday, 6 June, 2025

Morgan Stanley Faces Hurdles in xAI Debt Sale Amid Musk-Trump Feud

Morgan Stanley's efforts to raise funds for Elon Musk's AI venture, xAI Corp., are encountering challenges due to Musk's public feud with U.S. President Donald Trump. Despite xAI's projections of over $13 billion in annual earnings by 2029, investor apprehension has grown. The discord has already impacted Musk's other ventures, with a 1.25-point drop in the price of a loan for his social media platform X. As tensions escalate, the White House has scheduled a call between Musk and Trump.