Ian Betteridge on Nostr: Musk borrowed $1bn from SpaceX in the same month he bought Twitter. He drew it down ...

Musk borrowed $1bn from SpaceX in the same month he bought Twitter. He drew it down immediately, then paid it all back a month later. For context, that was about 20% of the company's free cash.

This is not normal financial behaviour. Something weird is going on. If he needed the money that fast, where was it going to? And where did he get the money to pay it back?

https://www.wsj.com/business/deals/elon-musk-spacex-loan-269a2168?mod=e2tw