Sized up from $3bn to $5.5bn, pricing getting firmer to around 95 cents on the dollar. Thesis is Musk being close to Trump means advertising $ for X + exposure to xAI. Insane trade on the merit. *MORGAN STANLEY BOOSTS X DEBT SALE AS INVESTORS EMBRACE MUSK BET - ThreadSky

peark.es • 23 days ago

Sized up from $3bn to $5.5bn, pricing getting firmer to around 95 cents on the dollar. Thesis is Musk being close to Trump means advertising $ for X + exposure to xAI. Insane trade on the merit.

*MORGAN STANLEY BOOSTS X DEBT SALE AS INVESTORS EMBRACE MUSK BET

Comments

billtilles.bsky.social•23 days ago

Since we’re no longer a constitutional democracy, I read that news as implying Musk now has the implied backing of the US govt behind him, maybe even direct support from the Treasury. Fascism is good for business.

peark.es•23 days ago

Now, if you're using the debt as a straightforward bribe...maybe a different story. But as a dollars in dollars out trade, it's shocking how completely blind investors are to Musk's frauds. There hasn't been anything like this in US markets in at least a century, maybe longer.

dalchico.bsky.social•23 days ago

Oh I think everyone involved is pretty clear-eyed on what this is

nihilisttrader.bsky.social•23 days ago

Ivar Kreuger comes to mind somehow

hoon.bsky.social•23 days ago

Bribe money

pnycase78.bsky.social•23 days ago

The math ain't mathing but that doesn't matter in the new world we live in and the bribes that can be made.

howardoark.bsky.social•23 days ago

Does it make any difference to the value of Xitter what the existing bonds go for? They would have to disclose financials to issue new ones which won’t happen

peark.es•23 days ago

with this pricing I wouldn't be so sure about that latter claim

rookiesa.bsky.social•23 days ago

Assuming the "Sovereign Wealth fund" can invest in these. What a joke

finagle-a-hegel.bsky.social•23 days ago

There's also just something about buying debt that they're trying to get out the door as fast as possible because this is their only chance that I would think might engender a professional to pause before purchasing. Like you're taking the other side of this bet with Morgan. How sure are you?

convolutedname.bsky.social•23 days ago

peark.es•23 days ago

Yeah lot of sighs of relief being heaved over at 1585 Broadway

hoerpi.bsky.social•23 days ago

There is actually a put here in Tesla's market cap, Elon will never give up Twitter and will just borrow more on margin to keep Twitter afloat.

olivercorlett.bsky.social•23 days ago

Depressing

getfcked.bsky.social•23 days ago

i love the smell of napalm on a tuesday morning

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