Elon Musk’s $43 billion Twitter acquisition has gained notoriety as Wall Street’s worst deal since 2008. Here’s a breakdown of the situation:

– **Debt Issues**: The banks that lent Musk $13 billion are struggling to sell the debt due to Twitter’s declining revenue and Musk’s aggressive stance towards advertisers.
– **Lender’s Remorse**: Major lenders like Morgan Stanley and Bank of America are feeling the pinch, affecting their bankers’ bonuses.
– **Musk’s Financial Situation**: Despite the challenges, Musk continues to make annual payments of $1.5 billion, showcasing his financial strength as the world’s richest individual.
– **Eager Banks**: Surprisingly, these banks are still interested in partnering with Musk, hoping to benefit from potential future ventures like SpaceX, which is valued at around $175 billion.
– **Strategic Interest**: The initial motive for lending was not just a belief in Musk’s Twitter strategy, but a desire to be involved in Musk’s broader business endeavors, including Tesla and Neuralink.

In conclusion, while Musk’s Twitter deal has been a disaster, the financial institutions remain committed to benefitting from his future projects, proving that their long-term view overrides short-term setbacks in their dealings with him.