While the online feud between Elon Musk and President Donald Trump seemed Drive traffic to Musk X’s social media platform (Formerly Twitter), it could also create problems for the XAI parent company of the platform.
Musk merged X and Xai Earlier this year, with Bloomberg reporting this week that he sought to raise $ 5 billion debts (as well as reported $ 300 million in secondary sale) Financing the combined company.
This caused some clumsy moments, as Musk’s relationship with his former ally Trump seemed to disintegrate. In fact, The Wall Street Journal reports That on Thursday afternoon, Morgan Stanley collected XAI executives to launch potential investors like Musk and Trump were posting angrily about each other on their respective social networks.
Morgan Stanley reportedly hoped to sell the debt at about 100 cents on the dollar, but a merchant told the WSJ that it trades at 95 cents on the dollar sometimes on Thursday. Investors also reportedly said that due to declining prices, Morgan Stanley may need to offer additional stimuli, as an increased interest rate.
