Secondary buyers have shown increased interest in acquiring shares of X, formerly known as Twitter, in recent times.
Buyers have been willing to purchase shares at around the same price Elon Musk paid in 2022, indicating a shift in sentiment.
Banks led by Morgan Stanley have been offloading X debt at face value, contributing to the growing interest in the company.
The increased interest is attributed to the belief that the downside of the company's story has played out and Elon Musk's involvement will make it successful.