Elon Musk is raising $5 billion in debt for his artificial intelligence startup, xAI, with Morgan Stanley facilitating the sale at a double-digit interest rate. The debt package includes a floating-rate term loan, a fixed-rate term loan, and senior secured notes, aimed at general corporate purposes, with commitments due by June 17. This initiative is part of Musk's broader fundraising efforts as he refocuses on managing his companies.