Wall Street’s New Frontier: Apollo Seeks to Turn Private AI Debt into a Liquid Asset
Introduction In a bold move that could reshape private market finance, Apollo Global Management is quietly engineering a secondary market for a high-stakes loan to Elon Musk’s xAI. This unprecedented effort aims to transform a bespoke, illiquid debt agreement into a tradable security, testing Wall Street’s appetite for the opaque and volatile world of cutting-edge…