Elon Musk's Social Media Platform Plans Debt Repurchase

According to PANews, sources have revealed that Elon Musk's social media platform, X, is planning to repurchase the last remaining debt associated with the company. This debt, held by Wall Street banks for several years, has not been offloaded. The insider indicated that the repurchase of approximately $1.2 billion in second-lien debt might be partially funded through recent equity financing. However, the source also noted that no final decision has been made, and the plan is subject to potential adjustments.