Musk responds to rumors that Wall Street banks are preparing to sell $3 billion in debt next week: false reports, lies

Wall Street banks led by Morgan Stanley are preparing to sell up to $3 billion in debt controlled by Musk’s social media platform X. Insiders revealed that bankers have already contacted investors ahead of next week’s planned sale. In response, Musk on the 25th stated that the reports are ‘false’ and posted on X that the Wall Street Journal is ‘lying’. Insiders indicate that bankers have reached out to a small group of investors to assess their interest in purchasing at least $250 million in debt at a discount of 90% to 95%, with the sale potentially starting as early as next week due to privacy concerns, insiders requested anonymity, but they indicated that the sale may start as early as next week. Notably, there is increasing discussion recently about a ‘rift between Musk and Trump’. The spark for this discussion was Musk’s public questioning of Trump’s high-profile announcement of the ‘Interstellar Gateway’ AI investment project. In response, Trump stated ‘he just dislikes someone in the project’.