Musk responded to the rumor that "Wall Street banks plan to sell X up to $3 billion in debt next week": false report, pure lie

Odaily Planet Daily News: Two people familiar with the matter said on Friday that Wall Street banks are preparing to sell up to $3 billion in debt from Musk's social media platform X. People familiar with the matter said that Morgan Stanley's bankers have contacted investors before the planned sale next week. According to the Wall Street Journal, the bank expects to receive 90 to 95 cents on the dollar. Musk denied the report, calling it "false" and posted on X that the report was "lying." The Wall Street Journal cited an email Musk sent to X employees in January, in which Musk said the financial situation was still problematic but pointed out that the company's power and influence were growing. In response, Musk said in the X post that he "did not send such an email." Morgan Stanley and other banks such as Bank of America and Barclays Bank provided loans to Musk to help him complete his $44 billion acquisition of the X platform, then called Twitter, in 2022. Morgan Stanley, Bank of America and Barclays did not immediately respond to requests for comment. (Inc)