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AI News from ET - Musk’s xAI to buy back $3 billion of debt early in run-up to IPO

Vishwadeep Khatri
in AI News & Two Lenses

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The company, which Musk recently combined with his rocket business SpaceX, is set to redeem its $3 billion of high-yield bonds at about 117 cents on the dollar, the people said, a significant premium that reflects the unusual move to pay down the obligation so early.

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