[Reports: Musk Plans to Advance Refinancing After SpaceX Merges with xAI to Reduce High-Interest Debt Before IPO] According to a report by Golden Finance, after completing the merger of SpaceX and xAI, Tesla (TSLA.US) CEO Elon Musk's banking team is working on a potential financing plan aimed at reducing the billionaire's accumulated high-interest costs in recent years and paving the way for a possible initial public offering (IPO) later this year. Sources indicate that Musk has accumulated approximately $18 billion in debt during the acquisition of social media platform X (formerly Twitter) and the establishment of artificial intelligence company xAI. Although the financing arrangements have not yet been finalized, the new plan is expected to help reduce the burden of costly debt before the IPO.