Musk's political turmoil affects xAI funding, Morgan Stanley expands $5 billion bond issuance range.

AltcoinSniper · 2025-06-10T01:08:36+00:00

Due to the tense relationship between Elon Musk and President Trump, Morgan Stanley is expanding its list of investors to attract more buyers for the $5 billion bond issuance of xAI, which it is underwriting. The deal initially attracted over $3.5 billion in subscriptions, and the market originally expected it to be oversubscribed, but as of this Monday, demand barely reached the target level. To stabilize the transaction progress, Morgan Stanley has begun to contact smaller lending institutions that were not previously invited to participate, reflecting a potential subtle shift in investors' attitudes towards Musk's projects due to political factors.

AltcoinSniper

2025-06-10 01:08:36

Due to tensions between Elon Musk and U.S. President Donald Trump, Morgan Stanley is expanding its investor list to raise more buyers for its $5 billion xAI bond. The deal, which initially attracted more than $3.5 billion in subscriptions, was expected to be oversubscribed, but as of Monday demand barely hit the target level. In order to stabilize the progress of the deal, Morgan Stanley began to contact small lenders that had not been invited to participate before, reflecting that investors’ attitudes towards Musk’s project may change subtly due to political factors.

XAI0,12%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

19 Likes