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xAI Set to Repay $17.5bn Debt in Full, Sources Say
March 3, 2026
xAI is reported to be planning to pay back its $17.5bn debt in full, as per sources. However, details of where the capital would come from is not known. The company raised $20bn in a Series E funding round in January from the likes on Nvidia, Cisco, Fidelity and others.
Twitter, which was rebranded to X, took on about $12.5bn of debt during Elon Musk’s purchase. Meanwhile, xAI borrowed $5bn via bonds and loans in June 2025. Both companies merged last year under xAI Holdings. The planned repayment comes at a time when Elon Musk is said to be working on consolidating his businesses and taking them public. SpaceX bought xAI last month amid plans to build data centers in space. The combined business is now worth $1.25tn.
xAI issued a 12.5% dollar bond due 2030 in June last year and the note has rallied by over 16% ever since. The note has an amount outstanding of $3bn and currently trades at 116.3. Sources note that the bond is likely to be redeemed at 117.
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