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

Wall Street banks, led by Morgan Stanley, are preparing to sell up to $3 billion of debt on Musk-controlled social media platform X, according to people familiar with the matter. Bankers have contacted investors in advance for next week's planned sale. Musk responded on the 25th that the relevant reports were "false" and posted on X that the Wall Street Journal was "lying". Bankers have contacted a small group of investors to assess whether they are interested in buying at least $250 million of debt at a discount of 90% to 95%, the people said, speaking on condition of anonymity because of the private information involved, but they said the sale could begin as early as next week. It is worth noting that there has been a growing discussion of a "rift between Musk and Trump" recently. The trigger for the discussion was that Musk publicly questioned Trump's high-profile announcement of the "Stargate" AI investment project. To this, Trump responded that "he just hates someone in the project".