Musk’s value on Wall Street is rising

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.
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.
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.
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.
Wall Street hopes to get rid of a bad Elon Musk bet
Wall Street banks are hoping this is the week when they can start to recover more from the bad bets they made on Elon Musk’s 2022 Twitter 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 more at straitstimes.com.
Banks Sell $5.5 Billion of X Loans After Investor Interest Surges
Banks wrapped up the sale of $5.5 billion in debt backed by Musk’s social-media company on Wednesday, people familiar with the matter said. The banks had originally planned to sell around $3 billion at around 95 cents on the dollar,
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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 ...