Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Christiaan Hetzner

Elon Musk took a $1 billion loan from SpaceX just days before he closed his Twitter deal

Tesla CEO Elon Musk found a clever way to outwit bears and fund his Twitter deal at the same time. (Credit: Chesnot/Getty Images)

Last October, Tesla-doubting investors were out in force short selling shares in anticipation that Elon Musk would sell a large chunk of stock of his own to fund his purchase of Twitter. At the time, many suspected the billionaire had maxed out the amount of money Tesla would allow him to borrow using a pledge of his shares as security.

Little did they know he had another source to raise money that could potentially be used to fund his $44 billion deal. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.