Wall Street banks are gearing up to sell off up to $3 billion in debt tied to Elon Musk’s acquisition of X (formerly Twitter). Morgan Stanley

The Wall Street Journal reports banks are close to selling some of the $13 billion in debt they took on while helping Musk buy Twitter in 2022.

Elon Musk warns X staff of stagnant user growth and revenue challenges while banks plan to sell $13 billion in X debt.

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A group of banks led by Morgan Stanley is preparing to sell as much as $3 billion of senior debt tied to Elon Musk’s buyout of X, the social media platform formerly known as Twitter, according to people with knowledge of the matter.

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Musk's email highlighted that despite X's influence in shaping national conversations, its financial performance has not met expectations.

Wall Street banks are getting ready to sell $3 billion of debt tied to Elon Musk’s 2022 purchase of X, formerly known as Twitter, as per a recent report by The Wall Street Journal.

The world’s richest man and Donald Trump ’s “First Buddy” Elon Musk is expected to hit the $1,000,000,0000,000 milestone even earlier, by 2027. The combined wealth of the world’s richest people surged from $13 trillion to $15 trillion in 2024 alone,