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(Reuters) - Elon Musk withdrew a loan of $1 billion from SpaceX - the two-decade-old rocket company run by the billionaire - around the same time he was acquiring Twitter, now known as X, for $44 ...
Elon Reeve Musk (/ ˈ iː l ɒ n / EE-lon; born June 28, 1971) is a businessman known for his key roles in Tesla, Inc., SpaceX, and Twitter (which he rebranded as X).Since 2025, he has been a senior advisor to United States president Donald Trump and the de facto head of the Department of Government Efficiency (DOGE).
SpaceX CEO Elon Musk purchased Twitter, now known as X, for $44 billion in October 2022. Twitter, a text-based social media app, was founded in 2004 by Evan Williams, Biz Stone and Noah Glass.
Biographer Walter Isaacson calls Musk's addiction a "super power" but sees a downside, too.
[160] [161] In a video call with banks who helped Musk fund the acquisition, Musk assured them he would complete the buyout by the deadline. [162] Musk made a trip to Twitter's headquarters on October 26, tweeting a video of him jokingly carrying a kitchen sink at the site's lobby and changing his Twitter bio to "Chief Twit".
Palmer Freeman Luckey (born September 19, 1992 [2]) is an American entrepreneur best known as the founder of Oculus VR and designer of the Oculus Rift, a virtual reality head-mounted display that is widely credited with reviving the virtual reality industry.
According to a new report, Elon Musk took a $1 billion loan from SpaceX during the same time period in which he acquired Twitter.
[159] [160] However, on April 13, Musk made a $43 billion offer to buy Twitter, launching a takeover bid to buy 100% of Twitter's stock at $54.20 per share. [ 156 ] [ 161 ] In response, Twitter's board adopted a "poison pill" shareholder rights plan to make it more expensive for any single investor to own more than 15% of the company without ...