A group of banks led by Morgan Stanley sold $5.5 billion of debt related to Elon Musk's acquisition of platform X, formerly known as Twitter, according to a Bloomberg report that cites people with knowledge of the matter.

Banks have successfully made an upsized sale of some of X’s debt to the tune of $5.5 billion, as interest in politically influential owner Elon

Wall Street banks on Wednesday sold billions of dollars in X debt holdings thanks to a surge in investor interest as the social network adds big advertisers and Elon Musk gains clout in Washington, according to a report.