Casual users will continue to be able to use the social media platform for free, the tech billionaire said.
Elsewhere, Musk has also said all of Twitter's direct messages should be end-to-end encrypted so no one can spy on or hack a user's messages.
Twitter is currently listed on the Nasdaq stock exchange in New York but Musk hopes to take it private. Though Musk has indicated that his primary interest in Twitter has to do with what he views as the company's censorship of free speech, Musk critics are concerned that the billionaire's control over the platform will result in the silencing of their voices and others with whom he may disagree, given that he's often blocked critics from his personal account.
"I think it's very important for there to be an inclusive arena for free speech," he said at the time, acknowledging that some content moderation would be needed to deal with explicit calls to violence and ensure the service complied with the laws in the country in which it operates.
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