It Was Finally Revealed! Elon Musk Lost IDR 20.5 Trillion In Debt From Twitter Acquisition!

Elon Musk bought Twitter with loan funds from the bank (photo: x @ELonMuskNewssX)

JAKARTA - A large group of banks including Morgan Stanley, Bank of America, Barclays, and Mitsubishi UFJ have sold the last part of the debt linked to the acquisition of Twitter (now called X) by Elon Musk worth 44 billion US dollars (Rp735.4 trillion). This was revealed by a source who knew about this to Reuters on Monday, April 28.

The US$1.2 billion loan was sold at a price of 98 cents per dollar and offered a yield of 9.5%, the source added.

Elon Musk's close ties with United States President Donald Trump and the prospect of increasing X's revenue are said to have helped these banks to sell nearly all of the US$13 billion (Rp217.2 trillion) debt they have kept in the books for nearly two years.

The acquisition of this social media platform was funded by several financial instruments: a guaranteed long-term loan of USD 6.5 billion, a revolving credit facility of USD 500 million, an unsecured loan of USD 3 billion, and a loan with collateral of USD 3 billion. Morgan Stanley and six other lenders participated in funding Musk's acquisition, with a total debt of USD 13 billion.

Reuters has previously reported that Morgan Stanley offered the final share of its $1.23 billion debt in loan with a fixed interest rate of 9.5%, and a discount price of between 97.5 and 98 cents per dollar.

Morgan Stanley, Barclays, Mitsubishi UFJ, and X have yet to comment on the request submitted by Reuters. Meanwhile, the Bank of America chose not to comment.

The Wall Street Journal became the first media to report this development on the same day. Last month, Elon Musk said that his AI company, xAI, had acquired X in an agreement that assessed the social media platform as US$33 billion.