Bankers Look Past Musk’s Twitter Fickleness for Future Deals (1)

It isn’t the first time billionaire Tesla Inc. founder Elon Musk burned his investment bankers on deals and it may not be the last.

When Musk dropped a regulatory filing late Friday saying he was walking away from his $44 billion agreement to buy Twitter Inc., some of the bankers who were backing him felt a mixture of disappointment and relief even with millions of dollars in fees at risk, according to people familiar with the matter.

“He did burn bankers for tons of time,” said Susan Wolford, a former investment banker who was vice chair and ran ...