Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Elon Musk borrowed $1 billion for Space X right after Twitter acquisition: report By: FOX Business September 06, 2023 at 21:39 PM EDT According to a report by the Wall Street Journal, Elon Musk borrowed $1 billion from SpaceX in October, the same month he acquired Twitter for $44 billion. Billionaire entrepreneur Elon Musk turned to SpaceX for a $1 billion loan for his dramatic acquisition of the social media company formerly known as Twitter, according to a recent report from the Wall Street Journal.The publication sited documents reviewed by the Wall Street Journal, alleging that SpaceX approved the loan, backed by Musk’s stocks in the company.WSJ noted that the billionaire promptly paid the loan in full, with interest, in November 2022, one month following the acquisition. ELON MUSK THREATENS TO SUE ADL FOR ALLEGEDLY TRYING TO ‘KILL’ X/TWITTER BY ‘FALSEY ACCUSING’ ANTISEMITISMIn the days following Musk's $44 billion purchase of Twitter, he sold almost $4 billion in Tesla stock.Musk sold a total of 19.5 million shares between Nov. 4-8, according to regulatory disclosures.ELON MUSK SAYS PROGRESSIVE LA SCHOOL HAS TURNED DAUGHTER INTO 'COMMUNIST' WHO THINKS 'ANYONE RICH IS EVIL'Musk became the world’s wealthiest person thanks in large part to his stake in Tesla.He has sold more than $19 billion worth of the electric-vehicle maker’s stock this year, much of it was in April and May after he announced his intention to buy the social media network.GET FOX BUSINESS ON THE GO BY CLICKING HEREMusk and SpaceX did not immediately respond to Fox News Digital's request for comment.Fox News Digital's Ken Martin contributed to this report. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Elon Musk borrowed $1 billion for Space X right after Twitter acquisition: report By: FOX Business September 06, 2023 at 21:39 PM EDT According to a report by the Wall Street Journal, Elon Musk borrowed $1 billion from SpaceX in October, the same month he acquired Twitter for $44 billion. Billionaire entrepreneur Elon Musk turned to SpaceX for a $1 billion loan for his dramatic acquisition of the social media company formerly known as Twitter, according to a recent report from the Wall Street Journal.The publication sited documents reviewed by the Wall Street Journal, alleging that SpaceX approved the loan, backed by Musk’s stocks in the company.WSJ noted that the billionaire promptly paid the loan in full, with interest, in November 2022, one month following the acquisition. ELON MUSK THREATENS TO SUE ADL FOR ALLEGEDLY TRYING TO ‘KILL’ X/TWITTER BY ‘FALSEY ACCUSING’ ANTISEMITISMIn the days following Musk's $44 billion purchase of Twitter, he sold almost $4 billion in Tesla stock.Musk sold a total of 19.5 million shares between Nov. 4-8, according to regulatory disclosures.ELON MUSK SAYS PROGRESSIVE LA SCHOOL HAS TURNED DAUGHTER INTO 'COMMUNIST' WHO THINKS 'ANYONE RICH IS EVIL'Musk became the world’s wealthiest person thanks in large part to his stake in Tesla.He has sold more than $19 billion worth of the electric-vehicle maker’s stock this year, much of it was in April and May after he announced his intention to buy the social media network.GET FOX BUSINESS ON THE GO BY CLICKING HEREMusk and SpaceX did not immediately respond to Fox News Digital's request for comment.Fox News Digital's Ken Martin contributed to this report.