Elon Musk’s artificial-intelligence company xAI has secured a combined $10 billion in fresh funding, split evenly between a $5 billion debt package arranged by Morgan Stanley and a $5 billion strategic equity injection. Barclays, Mitsubishi UFJ Financial Group and UBS joined the oversubscribed debt syndicate at xAI’s request to deepen banking relationships for future financings, according to people familiar with the matter. xAI said the proceeds will accelerate work on what it describes as one of the world’s largest data-center projects and support further development of its Grok large-language-model platform. The Memphis-based Colossus supercomputer, which recently doubled to 200,000 Nvidia GPUs and is slated to reach one million, is the centrepiece of the expansion. The latest round comes seven months after xAI raised $6 billion, lifting total capital raised to roughly $17 billion in less than two years. The new financing highlights continuing investor appetite for AI infrastructure even at double-digit yields; xAI’s valuation climbed to about $80 billion following its March merger with social-media platform X.