[h2odragon]

Does Elon/X pay back loans based on this current deflated value?

Or the equivalent with buying back / diluting stock or whatever the mechanations are.

Starlink's global "last mile" coupled with "you have to have an X account to use it" or even "free X/starlink/internet service" ... he can still win on this deal, i think.

[Zigurd]

It's a complex question. Without totally committing to the rabbit hole, one can say that the first order effect is that a Twitter bankruptcy would result in the creditors owning Twitter and the equity holders getting wiped out.

[rsynnott]

> Does Elon/X pay back loans based on this current deflated value?

Eh? No. No-one sensible would ever give out a loan on that basis.