Moving to make it easier for Elon Musk to buy Twitter from SpaceX: He will sell shares to his own employees
May 19, 2022
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Agreed to sell Twitter for $44 billion at the end of April. Elon Muskannounced that Twitter was suspending the purchase due to the fake account statement. Fake Accounts
Agreed to sell Twitter for $44 billion at the end of April. Elon Muskannounced that Twitter was suspending the purchase due to the fake account statement. Fake Accounts Like Twitter Says is only 5% Today there was another bombshell news about Musk defending himself.
According to information shared by Bloomberg, Elon Musk’s space company SpaceX, to their own employeesSpaceX plans to sell shares† With the news coming at a time when Elon Musk was seeking funding to buy Twitter, SpaceX’s estimated market value was also shared.
Shares sell for $70:
According to information obtained from various sources, SpaceX shares are being offered to employees. for $70 a share is being presented. With each share worth $70, the company’s market cap will be $125 billion. The sale will start on Thursday.
It is not yet known why SpaceX shares were sold to employees. On the other hand, there is some information that can explain the reason. Elon Musk, according to SEC documents released in August 2021 Contains 44% of SpaceX† However, it was known that Musk was also looking for another financing instrument instead of a $12.5 billion loan. Part of Musk’s stake in SpaceX after breaking SpaceX stock news Twitter can use to buy has been estimated.
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.