Banks lending money to billionaire Ilon Musk to buy Twitter in 2022 – the social media outlet renamed X, took advantage of the confidence of investors created by Musk’s proximity to US President Donald Trump to sell them According to many media reports.

According to the New York Times and Bloomberg, banks sold Thursday debit securities of $ 4.7 billion – their nominal value – level higher than the $ 3 billion originally planned.

Musk bought Twitter for $ 44 billion, including more than $ 27 billion in his own funds (including about $ 15.5 billion from the sale of his shares to Tesla). The remaining $ 13 billion raised them through bank loans and billions from investment companies and private individuals.

“Banks usually sell such debt securities quickly, but in this case they kept much of the debt because investors were reluctant to bet on the offensive business of the social media. “NYT note.

“Musk’s new position in President Trump’s government has helped to change the spirit of investors“The US newspaper’s report continues.

In contact with the French agency, Bank of America and Société Générale refused to comment, while Morgan Stanley and BNP Paribas have not yet answered. These banking institutions were among Musk lenders.

The Financial Times had already reported a week ago a Twitter/X debt sale on February 5 by many banks, with Morgan Stanley first.

Thus, according to media reports, since early 2025, banks have released at least $ 10.7 billion out of the $ 13 billion they had lent to Ilon Musk.

In March 2023, five months after the transaction was completed, the latter calculated the value of Twitter at just $ 20 billion.

In July 2023, he said twitter had lost about half of his advertising revenue after being acquired.

“We are still in negative cash flow due to the fall of about 50% of advertising revenue and large debt“, Then the billionaire said.

But from his approach with Donald Trump, who is now a close adviser and directly involved in government management of business issues, Musk saw advertisers return to the platform, which has become a communication tool for the new US government, according to their new US government, according to them. Nyt.

Citing an unknown source, the newspaper reported that the company told investors that its revenue increased by 21% in December 2024 compared to the previous month. Donald Trump was elected on November 5th.

Twitter/x is no longer listed on the Stock Exchange since November 8, 2022.