Major banks, led by Morgan Stanley, are preparing a $3 billion discounted debt sale tied to Elon Musk’s $44 billion X acquisition. Set for January 2025, the sale tests market confidence in Musk’s ambitious “everything app” vision amid financial challenges, high debt, and investor scrutiny over X’s profitability and future growth.
Trending
- Roblox defends expanded age‑checks after parents raise concerns over errors
- Oil at $100 Again A Crisis Fueled by Conflict and Uncertainty
- Pope says he has ‘no fear’ of Trump after scathing criticism
- The End of an Era: Hungary Turns the Page on Viktor Orbán
- Pope Prioritises World’s Fastest-Growing Catholic Region in Major Africa Tour
- Europe’s Jet Fuel Warning — A Crisis Grounded in Global Fragility
- The Strait of Hormuz Standoff — When Global Trade Meets Geopolitics
- UK Shelves Chagos Deal After Trump Opposition
