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The Independent UK

National

Kelly Rissman

Elon Musk ‘borrowed $1bn from SpaceX’ at same time as Twitter acquisition

Elon Musk SpaceX Twitter Inc. X Tesla Inc. SolarCity

POOL/AFP via Getty Images

Elon Musk reportedly took out a $1bn loan from his company SpaceX the same month that he acquired Twitter, now known as X, according to theWall Street Journal.

SpaceX approved the loan – which was secured by some of his stock in the company – in October 2022, according to the Journal. That same month, Mr Musk drew all of it down.

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