WSJ: Elon Musk borrowed $1B from SpaceX in same month of Twitter deal

News Department
Post's author

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 billion, according to the Wall Street Journal, Report informs.

SpaceX approved the $1 billion loan, which was backed by some of Musk's SpaceX stock, in October and Musk drew all of it down the same month, according to the report, citing documents. Musk took ownership of Twitter in October.

Latest news

Azerbaijani banks: Foreign assets up, internal assets down 28 September, 2024 / 18:20
 COP29 Presidency explores climate financing in US 28 September, 2024 / 18:03
Media: Hashem Safieddine to replace Hasan Nasrullah 28 September, 2024 / 17:39
Six people killed in Pakistan helicopter crash, security sources say 28 September, 2024 / 17:30
Western powers exploit climate policy as tool in international relations - OPINION 28 September, 2024 / 17:24
Azerbaijani brigade commanders, deputies, and training chiefs convene for strategic meeting 28 September, 2024 / 16:46
Nepal floods and landslides kill at least 38 people 28 September, 2024 / 16:39
EU recommends airlines avoid Lebanese, Israeli airspace 28 September, 2024 / 16:19
Hezbollah confirms Nasrallah killed after Israeli strike 28 September, 2024 / 16:09
Urban blogger Anar Aliyev discusses Baku's transportation challenges in latest "Let's Talk?" episode 28 September, 2024 / 15:30
Ombudsman's representatives study problems of citizens repatriated from Syria 28 September, 2024 / 15:17
Role of Naftalan oil in Azerbaijan's wellness tourism development increased 28 September, 2024 / 15:10
Azerbaijani schoolchildren make second contact with International Space Station 28 September, 2024 / 14:58
Vugar Bayramov: COP29 to establish new financial mechanisms for climate action 28 September, 2024 / 14:50
Azerbaijani gymnast clinches gold in Montenegro 28 September, 2024 / 14:27