(Reuters) -SpaceX CEO Elon Musk tapped the rocket maker for a $1 billion loan around the time he was acquiring social media company X, formerly known as Twitter, the Wall Street Journal reported on Tuesday.
SpaceX approved the loan, which was backed by some of his SpaceX stock, in October, and Musk drew all of it down the same month, the newspaper said, citing documents reviewed by it.
Musk paid back the $1 billion with interest to SpaceX in November, the WSJ report said, adding that the reason for the loan could not be determined.Last year, Musk closed the $44 billion deal to take Twitter private and took ownership of the social media platform by firing top executives immediately.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Musk threatens to sue anti-defamation group for falling revenueNEW YORK, Sept 5 — Elon Musk, the owner of social media platform X, formerly Twitter, said the site is considering suing the Anti-Defamation League (ADL) over accusations of...
Read more »
Musk threatens to sue anti-defamation group for falling revenueNEW YORK: Elon Musk, the owner of social media platform X, formerly Twitter, said he is considering suing a leading anti-defamation group, arguing tha...
Read more »
The Rolling Stones to announce new album ‘Hackney Diamonds’The band, who formed more than six decades ago, recently heralded a ‘new album, new music, new era,’ on X, formerly Twitter.
Read more »
(Video) Father Slammed For Letting Toddler Play With His Pen*s PumpOver the weekend, a netizen who goes by Naz Jer on Twitter reposted a video that's been circulating on social media. The video showed a toddler playing with,
Read more »
Sony Quietly Raises 1-Month, 3-Month PS Plus Subscription PricesLast week, PlayStation announced the pretty unpopular move of raising the prices of a yearly subscription for its PS Plus
Read more »
JCorp unit to roll out FarmByte Food Hub app, Southern Valley brand next monthKUALA LUMPUR: Johor Corporation (JCorp) through its sub-subsidiary FarmByte Sdn Bhd will publicly launch its FarmByte Food Hub mobile app and Southern...
Read more »