Elon Musk’s $43 billion acquisition of Twitter has been labeled as the worst bank deal since 2008, primarily due to the $13 billion in debt that banks like Morgan Stanley and Bank of America struggle to resell. Despite this failure, these banks are eager to maintain their relationship with Musk for future opportunities. Key points include:

– **Financial Flop**: The acquisition is facing severe lender’s remorse, with Twitter’s revenue plummeting as Musk adopts a combative stance with advertisers.
– **Debt Payments**: Musk, however, continues to meet his annual $1.5 billion debt obligations, demonstrating an ability to manage his finances better than average investors.
– **Future Potential**: The primary reason banks lent Musk money is due to the lucrative potential of his other ventures, such as SpaceX, which could have a $175 billion valuation.
– **Bank Strategy**: Despite the current troubles, banks remain committed to working with Musk, highlighting their desire to position themselves for profitable engagements in the future.

In summary, while Musk’s Twitter deal is criticized, it hasn’t deterred banks from pursuing further collaboration with him in hopes of future high-value opportunities.