Musk borrowed at 11.75%, but selling on that kind of debt would now be ~14%. In the short term they can fund that at a few % and collect the difference and if M

Musk borrowed at 11.75%, but selling on that kind of debt would now be ~14%. In the short term they can fund that at a few % and collect the difference and if Musks twitter announces some new way to monetise its users they will be able to sell it on much easier for a comfortable 9-10 figure profit. Between now and then, the risk of Elon Musk / The Crown Prince of Saudi Arabia allowing their company to default are practically zero.