Banks sell down $5.5 billion of Musk's X debt to investors, source says
Banks led by Morgan Stanley have sold $5.5 billion of some $13 billion of debt they lent to support Elon Musk's $44 billion acquisition of Twitter, now called X, in 2022, said a source with knowledge of the deal.
Morgan Stanley Sells $5.5 Billion of X Debt on Demand Surge
A group of Morgan Stanley-led banks sold $5.5 billion of debt tied to Elon Musk’s social-media platform X after receiving stronger-than-expected demand from investors, according to people with knowledge of the matter.
Wall Street banks sell $5.5B of X loans as investors bet big on Elon Musk: report
Banks unloaded $5.5 billion of debt holdings in X that they have been stuck with since 2022, when Musk acquired the site formerly known as Twitter.
Morgan Stanley-led banks sell $5.5 billion of X debt on demand surge
The banks initially planned to sell about $3 billion worth of the loan but received enough interest to parcel out additional debt
Musk’s value on Wall Street is rising as banks find buyers for X loans
Banks this week sold $5.5 billion in debt tied to Elon Musk’s 2022 buyout of Twitter, signaling that Wall Street's confidence in Musk is rising alongside the billionaire’s elevated status in Washington.
Wall Street banks to sell billions in loans given to Elon Musk for purchase of X
Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two sources with knowledge of the matter said Friday. Morgan Stanley bankers have reached out to investors ahead of a planned sale next week, the people added.
Banks Sell $5.5B of X’s Debt as Interest in Politically Influential Musk Grows
Banks have successfully made an upsized sale of some of X’s debt to the tune of $5.5 billion, as interest in politically influential owner Elon
Morgan Stanley-led banks sell $5.5B of X debt: stake in xAI, Musk-Trump alliance in play - reports
A group of banks led by Morgan Stanley sold $5.5 billion of debt related to Elon Musk's acquisition of platform X, formerly known as Twitter, according to a Bloomberg report that cites people with knowledge of the matter.
Musk's X secures $5.5bn in debt sale - WSJ
Banks have completed the sale of $5.5 billion in debt for Elon Musk's X, according a Wednesday report by the Wall Street Journal. This debt sale exceeded initial plans to sell around $3 billion at approximately 95 cents on the dollar.
Morgan Stanley to increase sale of loans tied to Musk's X, Bloomberg News reports
A group of Morgan Stanley-led banks is set to increase a sale of loans tied to Elon Musk's social media platform X after ...
Tesla Dojo: Elon Musk’s big plan to build an AI supercomputer, explained
For years, Elon Musk has talked about Dojo — the AI supercomputer that will be the cornerstone of Tesla’s AI ambitions. It’s ...
Morgan Stanley prepares for $3 billion debt sale of Elon Musk's social-media platform - WSJ
Wall Street banks, including Morgan Stanley (NYSE:MS), Bank of America, and Barclays (LON:BARC), are gearing up to sell a ...
X Debt Shopped With $6 Billion Sweetener From Elon Musk’s AI Bet
Wall Street banks, finally within striking distance of offloading debt tied to X, have a sweetener on offer for potential ...