Elon Musk: Wall Street’s white whale or financial fiasco? – Paul J. Davies

Elon Musk: Wall Street’s white whale or financial fiasco? – Paul J. Davies

Musk's unparalleled wealth and influence make him an irresistible target
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Elon Musk, a titan of modern industry with ventures spanning Tesla, SpaceX, and more, is the financial world's ultimate "Moby Dick"—a rare, massive client with the potential to generate enormous fees. Despite the staggering losses banks endured in financing his $44 billion takeover of Twitter, they remain captivated by the promise of future gains. Musk's unparalleled wealth and influence make him an irresistible target, even as his ventures—like the troubled Twitter acquisition—pose significant risks. For Wall Street, Musk may be a costly catch, but they're not ready to let go of this elusive whale just yet.

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By Paul J. Davies

Call me Ishmael. The biggest question about an investment banking client like Elon Musk is whether he turns out to be a Moby Dick. 

___STEADY_PAYWALL___

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