Wall Street Banks Prepare to Sell Billions of Dollars of X Loans
The banks hope to sell senior debt at 90-95 cents on the dollar, while retaining more-junior holdings, the people said. The banks just sold approximately $1 billion of debt in a p
Wall Street banks prepare sale of up to $3 billion in X loans next week, sources say
By Tatiana Bautzer and Saeed Azhar (Reuters) -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 on Friday.
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,
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 financing. Morgan Stanley is leading the charge,
Wall Street banks set to sell billions of dollars of X loans, WSJ reports
Wall Street banks are preparing to sell a big portion of debt holdings in social media platform X, the Wall Street Journal reported on Friday, citing people familiar with the matter. Bankers at Morgan
Musk casts doubt on Trump-backed Stargate project: 'They don't actually have the money'
Elon Musk has cast doubt on whether there is enough funding to follow through on a massive $500 billion artificial intelligence infrastructure project announced by President Donald Trump on Tuesday.
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Gen X: This Is What You Shouldn’t Do With Your Money Before Trump Takes Office
With a new administration coming into power, it's often people's first instinct to think about their finances. Gen X, as the ...
Capital One says a ‘technical issue’ is affecting some customers’ ability to get money
A “technical issue” of a third-party vendor that Capital One uses is affecting some of the bank’s customers to access ...
Musk: ‘They don’t actually have the money’ for Trump-touted Stargate project
Tech billionaire Elon Musk voiced doubts about President Trump’s newly announced infrastructure plan for artificial ...
Elon Musk email to X staff: ‘we’re barely breaking even’
The Wall Street Journal reports banks are close to selling some of the $13 billion in debt they took on while helping Musk ...
Musk clashes with OpenAI CEO Sam Altman over Trump-supported Stargate AI data center project
Elon Musk is clashing with OpenAI CEO Sam Altman over the Stargate artificial intelligence infrastructure project touted by President Donald Trump, the latest in a feud between the two billionaires th ...
Musk undermines Trump’s Stargate AI investment announcement, CNBC reports
Tesla (TSLA) and SpaceX CEO Elon Musk said OpenAI, Oracle (ORCL) and Softbank (SFTBY) “don’t actually have the money” to back up their pledge ...
Millennials and Gen X want to share wealth now. Boomers will wait until they're dead.
A survey of wealthy Americans by Charles Schwab reveals a fascinating generational divide over how, and when, we leave money ...