Musk's political ascendancy stirs hopes of redemption for X banks

By Yahoo! Finance | Nov 15, 2024 at 05:31 PM EST

Wall Street banks are hoping Elon Musk's political ties can help them offload $13 billion debt from his acquisition of social media platform X, formerly Twitter. Musk's connection to President-elect Trump may improve X's prospects, allowing banks to sell the debt at a better value.

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