Elon Musk Took USD 1 Billion Loan From SpaceX in October 2022 as He Bought X Aka Twitter for USD 44 Billion: Report
SpaceX approved the $1 billion loan in October and Musk 슬롯사이트œdrew all of it down the same month슬롯사이트�, according to the report, citing documents. 슬롯사이트œRocket maker has lent the executive money on several occasions over the past few years,슬롯사이트� the report noted.
San Francisco, September 6: Tesla CEO Elon Musk reportedly borrowed $1 billion from his space company SpaceX in October last year in the same month when he finally acquired Twitter for $44 billion. According to the Wall Street Journal, Musk tapped SpaceX 슬롯사이트œfor a $1 billion loan around the time he was acquiring the social-media company formerly known as Twitter슬롯사이트�.
SpaceX approved the $1 billion loan in October and Musk 슬롯사이트œdrew all of it down the same month슬롯사이트�, according to the report, citing documents. 슬롯사이트œRocket maker has lent the executive money on several occasions over the past few years,슬롯사이트� the report noted.슬롯 머신 사이트 추천Elon Musk Threatens Legal Action Against 'Anti-Defamation League슬롯사이트�, Blames it For Falling Revenue.
Neither SpaceX nor X (formerly Twitter) immediately responded to the report. Twitter in April last year announced for the first time that it had entered into a definitive agreement to be acquired by an entity wholly owned by Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion.
The purchase price represented a 38 per cent premium to Twitter's closing stock price on April 1, 2022, which was the last trading day before Musk disclosed his approximately 9 per cent stake in Twitter.슬롯 머신 사이트 추천Elon Musk Announces New Big Features Coming on X, Users to Make Video and Audio Calls Without Phone Number.
After months of high-voltage drama, Musk finally bought it in October, after raising money from banks and a close circle of wealthy friends. The Tesla CEO gave up on the borrowing plan and contributed more cash. In the end, Musk sold roughly $15.5 billion worth of shares in Tesla in two waves. The billionaire personally paid the transaction a little over $27 billion in cash.
As part of the agreement, Larry Ellison, the co-founder of Oracle, wrote a $1 billion cheque in addition to the $5.2 billion from investment organisations and other sizable funds. The Qatar Investment Authority, which controls Qatar's sovereign wealth fund, Qatar Holding, also contributed money. Nearly $13 billion of the remaining funds are secured by bank loans, including Morgan Stanley, Bank of America and others.
(The above story first appeared on LatestLY on Sep 06, 2023 12:29 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).