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.
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
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.
Elon Musk’s X debt: Bank consortium sells $5.5 billion of loans amid rising investor demand
Pimco and Citadel are among the investors who have reportedly bought debts tied to X. This comes as Elon Musk's growing influence in the US political landscape appears to be positively impacting the company's outlook.
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.
Morgan Stanley-led banks sell $5.5B of X debt, xAI stake in play - reports
Banks including Morgan Stanley, Bank of America, and Barclays offered a deal to investors seeking minimum commitments in the hundreds of millions.
Banks offload $8.8b in debt linked to Musk’s Twitter takeover
New York | London | Wall Street banks saddled with debt from Elon Musk’ s $US44 billion takeover of Twitter sold large chunks ...
Elon Musk Has Lost More Money Than Any Other Top Billionaire So Far in 2025
The world's richest man, now firmly embedded in the Trump administration, has lost over $11 billion since the start of the ...
Wall Street Sells £4.41B of X Loans as Investors Bet on Strong Financials, Advertisers Returning to Musk's Firm
EBITDA, major advertisers like Apple mulling a comeback to the platform, and Amazon ramping ad spending led investors to buy ...
Barclays IT glitch leaves family ‘homeless’ as bank outage derails house purchase
Paola Mereu, 39, sold the house her and her husband and their daughters lived in at Uxbridge and were meant to buy their new ...
Elon Musk writes to X employees, says company 'barely breaking even'
According to an internal email sent by Elon Musk to employees, X is 'barely breaking even,' citing stagnant user growth and ...
Morgan Stanley to Increase Sale of Loans Tied to Musk's X, Bloomberg News Reports
Morgan Stanley and others, such as Bank of America and Barclays, lent Musk money in 2022 to complete his $44 billion buyout ...
Banks sell down $7.5 billion of Musk’s X debt to investors: Source
The deal was said to be offered to a small group of investors by the bank consortium that also included Bank of America. Read ...
Barclays technical issues continue more than 24 hours on from initial outage
Barclays has been experiencing technical issues since Friday with customers unable to make payments or see updated balances.