01:55 PM EST, 02/05/2025 (MT Newswires) -- A group of banks led by Morgan Stanley ( MS ) on Wednesday concluded the sale of $5.5 billion in debt backed by Elon Musk's social media company X, The Wall Street Journal reported Wednesday, citing people familiar with the matter.

The banks originally planned to sell around $3 billion, but they upsized the deal after seeing heightened demand from investors, the people told WSJ.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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