Debt Financing

Convertible Note

$5Braised

Company

xAI wiki

Lead Investor

Morgan Stanley

Date

Jul 2025

Source

techcrunch.com↗

Notes

xAI raised $5 billion in debt (secured notes and term loans) via Morgan Stanley. The debt offering was oversubscribed and included prominent global debt investors. Proceeds intended for general corporate purposes, including AI infrastructure buildout and Grok platform development.

Other Rounds by xAI

Round	Raised	Valuation	Lead Investor	Date
Series E(equity)	$20B	$230B		Jan 2026
Series D(equity)	$5B			Jul 2025
Series C(equity)	$6B	$50B		Dec 2024
Series B(equity)	$6B	$24B	Valor Equity Partners	May 2024
Seed(equity)	$135M			Dec 2023

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