Elon Musk's syndicate is discussing plans to address the debt issue following the merger of SpaceX and xAI

This plan could potentially reduce some of the heavy interest costs the billionaire has accumulated in recent years. Musk has amassed nearly $18 billion in debt through the acquisition of Twitter (renamed X and merged into xAI) and the founding of his artificial intelligence development company. This financing deal, which has not yet been finalized, is expected to help ease the burden of expensive debt before the new giant plans to go public later this year. (Bloomberg)