Overview

• Prominent backers including Andreessen Horowitz and Sequoia Capital are lining up for the $4.3 billion equity round
• Morgan Stanley is leading the $5 billion debt offering that carries yields near 12% after attracting orders 1.5 times the available amount
• xAI expects a $650 million rebate from a hardware manufacturer to help offset its hefty infrastructure costs
• The company has told investors it plans to secure an additional $6.4 billion in funding next year
• Part of the capital will bankroll a 200,000-GPU “Colossus” supercomputer as xAI aims for profitability by 2027