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Elon Musk Borrowed $1 bln From SpaceX in Same Month of Twitter Deal

Rabu, 06 September 2023 | 10:59 WIB
Elon Musk Borrowed $1 bln From SpaceX in Same Month of Twitter Deal

ILUSTRASI. Elon Musk Twitter account is seen in this illustration taken, July 24, 2023. REUTERS/Dado Ruvic/Illustration

Sumber: Reuters | Editor: Syamsul Azhar

KONTAN.CO.ID - JAKARTA. 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, the Wall Street Journal reported on Tuesday.

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.

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