30/4/2025, 5:52:02 pm

Wall Street banks finally rid themselves of Elon Musk's X debt

Wall Street banks sold the remaining $1.2 billion in debt tied to Elon Musk’s 2022 purchase of Twitter, now X, at $0.98 on the dollar. The $13 billion financing package for Musk’s $44 billion acquisition had weighed on banks due to X’s struggles. A key factor in the sale was Musk’s merger of X Corp with his AI firm xAI, valuing the combined entity at $80 billion.