Morgan Stanley is marketing a $3 billion debt offering tied to X, formerly Twitter, after struggling with the debt since Elon Musk’s 2022 buyout. Investor interest has surged due to Musk’s relationship with Donald Trump and X’s stake in his AI venture, xAI. X’s revenue has dropped nearly 50% since the buyout, but Musk’s cost-cutting measures have stabilized earnings. While the valuation may not reach the original $44 billion, the improved financials are attracting secured creditors.
