[xAI, a company under Elon Musk, plans to repurchase $3 billion in debt ahead of IPO] According to a report by Golden Finance and data compiled by Bloomberg, Elon Musk's artificial intelligence startup xAI is planning to repay $3 billion in high-yield bonds (commonly known as 'junk bonds') ahead of schedule. Sources indicate that the company intends to redeem these $3 billion in high-yield bonds at a price of approximately 117 cents per dollar face value. This significant premium reflects the company's unconventional move to repay debt substantially ahead of schedule. These bonds were issued in June, with their original structure suggesting the related debt was expected to remain outstanding for at least two years. xAI had previously merged with SpaceX, and the combined entity currently carries approximately $18 billion in debt, which includes xAI's liabilities as well as debt incurred from Musk's acquisition of Twitter (later renamed X and integrated into xAI). Musk is planning to push for SpaceX's IPO in the coming months.