Musk Twitter Bid Advisor?

Paperwork and SEC filing can all be done by lawyers. If he wanted to simply offer 100% equity, his own cash, no other considerations, then all he'd need is lawyers. Bankers are certainly advisors here and there are tons of financial intricacies to navigate. He already explored a tender offer, bringing on other investors, and of course financing, all of which bankers are necessary for. I think Elon is a genius, but he's not a financier. The deal would never have happened without investment bankers working night and day on both sides of the deal. Don't insult the profession.

This notion frustrates me endlessly. A lot of people think bankers are just disposable. Biden said last week to a group of truckers something like "without you guys, the whole country would collapse! Unlike the investment bankers, who are completely optional to our economy compared to you!" (guess Biden doesn't know about how truckers are literally going to be replaced by AI in a handful of years).

IB is not an entrepreneurial job, but it is entirely crucial for raising capital in our country's capitalist system. I, for one, think this Twitter deal is a perfect example of the beauty of the investment banking profession. Bankers pulled together an unprecedented ~$25 billion in financing through creative loans on a company without stable cash flows, and a rich guy who essentially owns solely tesla stock, and they are making this happen in a matter of DAYS after the announcement after navigating the politics of Twitter's initially antagonistic board. And the world is going to be a better place because they are enabling Elon to do this and actually execute on it.