Elon Musk xAI

Elon Musk's social media platform X and AI venture xAI are reportedly planning to fully repay about $17.5 billion in debt. Debt Repayment Plan Signals Balance Sheet Overhaul Morgan Stanley (NYSE:MS) has been informing lenders regarding both companies’ intention to repay the debt, Bloomberg...

On Thursday, Elon Musk's xAI began recruiting shortly after Block Inc. (NYSE:XYZ) announced it would cut nearly half its workforce in a sweeping efficiency push tied to artificial intelligence. Block Cuts 4,000 Jobs In AI Efficiency Overhaul Block said it is reducing headcount from more than 10,000...

Elon Musk's SpaceX merged with xAI in a trillion-dollar deal, valuing SpaceX at $1 trillion and xAI at $250 billion. Wedbush Analyst Dan Ives is now exploring the potential implications for Tesla Inc (NASDAQ:TSLA) and the combined SpaceX/xAI entity. Meanwhile, SpaceX seeks approval from the...

Apollo Global Management (NYSE:APO) has led a $3.5 billion financing package for Valor Compute Infrastructure (VCI), a fund run by Valor Equity Partners. This money will help fund a $5.4 billion acquisition and lease of data-center infrastructure, including Nvidia Corp‘s (NASDAQ:NVDA) GB200...