Wall Street banks plan sale of X debt at a discount
Bankers are reportedly gearing up to offload debt used to fund Elon Musk’s social network, for which he paid $44 million in 2022, including $13 billion in
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.
Wall Street Banks Set to Sell $3 Billion in X Loans, Sources Say
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 people with knowledge of the matter said on Friday. Morgan Stanley bankers have contacted investors ahead of a planned sale next week, the sources said.
X Is Barely Breaking Even According to Elon Musk and Banks Are Making Their Move to Sell
Elon Musk recently shared to X employees that the company is struggling to break even, and it is still its problem.
Wall Street banks prepare to sell up to $3 billion in X loans next week, sources say
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 people with knowledge of the matter said on Friday.
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 ...
Banks Prepare to Sell as Much as $3 Billion of X Buyout Debt
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 ...
Elon Musk calls X’s revenue ‘unimpressive,’ warns employees of ‘very dire situation’
Elon Musk’s email to X employees reveals the company, which faces serious revenue issues and stagnant user growth, is barely ...
X facing big financial problem? Here's what Elon Musk told his employees in an email
Elon Musk, world's richest man, has sent an email to his employees working with X and expressed concerns about the financial ...
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Elon Musk admits X's financial struggles in email to staff
Elon Musk has admitted to the financial woes of his social media platform X. In an email to employees this month, Musk said ...
Morgan Stanley's Michael Grimes in Talks for Role in Trump Administration, WSJ Reports
(Reuters) - Michael Grimes, a technology banker with Morgan Stanley, is in talks to leave the bank for a position in U.S.
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Elon Musk tells X staff: "We’re barely breaking even" amid revenue struggles
Elon Musk warns X staff of stagnant user growth and revenue challenges while banks plan to sell $13 billion in X debt.