Morgan Stanley opens xAI books with Musk in Trump crosshairs

Morgan Stanley faces challenges in selling debt for xAI Corp. due to the public feud between Elon Musk and Donald Trump, despite xAI's projections of significant earnings growth. Internal numbers presented to investors reveal xAI anticipates generating over $13 billion in annual earnings by 2029. However, Trump's willingness to punish those who challenge him complicates the debt sale effort.