XAI, the artificial intelligence startup run by Elon Musk, raised a combined $10 billion in debt and equity, Morgan Stanley said. Half of that sum was clinched through secured notes and term loans, while a separate $5 billion was secured through strategic equity investment, the bank said on Monday.

Elon Musk's xAI has raised a total of $10 billion in debt and equity, partly to fund the development of more data center capacity. Revealed in a post to X by Morgan Stanley, the funding is comprised of $5bn in secured notes and term loans, along with $5bn in "strategy equity investment."

Elon Musk’s xAI Holdings Corp. has raised $10 billion from investors to finance artificial intelligence initiatives. The deal was announced today by Morgan Stanley, which helped the company raise the funds.