Musk’s Bankers Are Discussing a Plan to Wrangle xAI Debt After SpaceX Merger

Musk’s bankers are discussing a plan to wrangle xAI debt after SpaceX merger

Elon Musk's bankers are working on a potential financing plan after the merger of SpaceX and xAI that could trim some of the heavy interest costs that the billionaire racked up in recent years, according to people familiar with the matter.

Elon Musk’s $1.25 Trillion Mirage

More often than not, share prices are rigged, which is why they are a dreadful predictor of profitability even on average, and why they have become the primary instrument for transferring wealth upwards. The SpaceX-xAI merger tells much of this sorry tale.