Not a day goes by that Elon Musk isn’t in the news, and this week is no exception. It was reported by Reuters that Elon took out a $1 billion loan from SpaceX when he was raising funds to buy Twitter (now known as X). For the record it has been reported that he has paid back the loan in full, including interest, to SpaceX after the completion of his purchase of Twitter. The rumor for years has been that Elon is a cash-poor Billionaire, meaning the majority of this net worth is tied up in equity in companies including Tesla, SpaceX, X (formerly known as Twitter), Neuralink, and The Boring Company to name a few.
Elon Musk borrowed $1 billion from SpaceX in same month of Twitter deal, Wall Street Journal reports