Elon Musk Seeks Refinancing To Reduce Debt

14 February 2026 — Bankers are developing a refinancing proposal after the merger of SpaceX and xAI to help reduce Elon Musk's substantial interest costs, sources said. The plan would target roughly US$18 billion in debt from Musk's acquisition of Twitter (now X) and xAI funding, and sources said Morgan Stanley is expected to play a leading role ahead of a projected IPO later in 2026.