XAI, the artificial intelligence startup run by Elon Musk, raised a combined $10 billion in debt and equity, Morgan Stanley said. Half of that sum was clinched through secured notes and term loans, while a separate $5 billion was secured through strategic equity investment, the bank said on Monday.

Elon Musk’s xAI Holdings Corp. has raised $10 billion from investors to finance artificial intelligence initiatives. The deal was announced today by Morgan Stanley, which helped the company raise the funds.

Just over six months after raising $6 billion in a Series C round of funding at a $50 billion valuation, xAI has raised $10 billion in debt and equity.