Elon Musk Borrowed $1 Billion From SpaceX in Same Month of Twitter Acquisition
- Elon Musk secured a $1 billion loan from SpaceX, which he repaid in November. The exact reason for the loan remains unclear, but Musk has a history of leveraging his shares for loans without relinquishing any shares permanently.
- Musk's loan coincided with significant investments in SpaceX's Starship rocket program and Starlink satellite-internet business. As SpaceX's largest shareholder, Musk controls a 42% stake and nearly 79% of its voting power.
- In addition to the loan, Musk recently sold nearly $4 billion worth of Tesla stock and expects to pay over $11 billion in taxes for 2021. He also provided roughly $25 billion in cash as part of his $44 billion deal to acquire Twitter.
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Total News Sources0
Leaning Left4Leaning Right6Center10Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 20%
C 50%
R 30%
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