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Elon Musk's Rollercoaster: Twitter, SpaceX and a Borrowed Billion

Elon Musk's Rollercoaster: Twitter, SpaceX and a Borrowed Billion
Last October, Elon Musk did something many of us wouldn't even dare to contemplate over our morning coffee – he borrowed a cool $1 billion from his own company, SpaceX, according to the Wall Street Journal. That same month he was also working to acquire Twitter, now X, for $44 billion.Musk is SpaceX's largest shareholder with a 42% stake and almost 79% of its voting power as of March this year. Before you start thinking he's just your average billionaire with a penchant for borrowing money, let'... Read More
Posted: Sep 8 2023, 06:06
Author Name: financemagnates
Views: 112540

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