X And xAI Repay $17.5 Billion Debt

Elon Musk's companies X and xAI plan to repay about $17.5 billion in combined debt, Bloomberg reported on March 3, 2026, citing people familiar with the matter. The repayment includes xAI's $3 billion high-yield bonds, slated to be redeemed at about $1.17 on the dollar, and follows SpaceX's acquisition of xAI and recent fundraising and restructuring efforts. Morgan Stanley is managing the debt.