Musk may have borrowed money from SpaceX to buy Twitter media
Business
It's not clear why the businessman got the loan, according to The Wall Street Journal, but at the end of that month, he closed a $44 billion deal to buy Twitter.
Elon Musk, when he bought Platform X, formerly known as Twitter, applied for a $1 billion loan from SpaceX, of which he is the CEO. It is reported by The Wall Street Journal.
The space technology company SpaceX approved a loan secured by part of his stake in the company in October 2022, according to documents reviewed by the publication.
It's unclear why Musk got the loan, but the entrepreneur quickly paid it off and returned the money to SpaceX in November with interest. On October 27, 2022, Musk closed a deal to acquire Twitter for $44 billion.
Musk and SpaceX did not comment on the situation.
The space technology company SpaceX approved a loan secured by part of his stake in the company in October 2022, according to documents reviewed by the publication.
It's unclear why Musk got the loan, but the entrepreneur quickly paid it off and returned the money to SpaceX in November with interest. On October 27, 2022, Musk closed a deal to acquire Twitter for $44 billion.
Musk and SpaceX did not comment on the situation.
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