Burned Twitter deal bankers see silver lining in Musk’s startups

July 14 (Reuters) – Wall Street’s top investment banks that stand to lose lucrative fees from Elon Musk abandoning his $44 billion acquisition of Twitter Inc hope the start-ups backed by the world’s richest person will make up for the lost business.Musk has been one of Wall Street’s biggest patrons, doling out nearly $500 million in fees to investment banks such as Goldman Sachs Group Inc and Morgan Stanley since 2000, mostly for work on Tesla Inc , according to an estimate by Refinitiv.This estimate does not include Musk’s privately held start-ups SpaceX, Neuralink and The Boring Company. Bankers said these companies have …
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