(Reuters) -Billionaire Elon Musk’s xAI expects to generate more than $13 billion in annual earnings by 2029, according to numbers revealed by the artificial intelligence startup’s banker Morgan Stanley, Bloomberg News reported.

Morgan Stanley, which is seeking investors for a $5 billion debt sale of xAI, opened the AI startup’s books to those willing to commit at least $50 million, Bloomberg reported late Thursday, citing people with knowledge of the situation.

The development comes as Musk and U.S. President Donald Trump have been involved in a huge public spat that saw threats fly over government contracts and ended with Musk suggesting Trump should be impeached.

The impact of their hostilities on the bank’s sale of xAI’s debt is uncertain, according to Bloomberg News.

Morgan Stanley

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