How Banks Turned Elon’s X Debt into Gold

When Musk swooped in to buy Twitter, he might as well have thrown a party with a $13 billion cake—except the guests were banks, and it quickly turned into a game of hot potato with a very toxic vibe. Fast-forward three years, and it seems Wall Street has mastered the art of salvaging what initially looked like a financial dumpster fire.

Thanks to a sprinkle of political chaos—hello, Trump’s return—and a bit of classic Musk magic, those banks have seen their dollar bills start to gleam again. One banker put it quite succinctly: ‘It was a bet on the world’s richest man, and it paid off!’ Maybe next time, they should just stick to poker night instead of betting on social media drama.

So how did they do it? Let’s break down this financial fiasco and see what we can learn from the banks that turned low-hanging fruit into a robust harvest.