He went down the street with the body in his mouth: Crocodile horror! He went down the street with the body in his mouth: Crocodile horror!

The US press revealed that billionaire Elon Musk, who bought the social media platform formerly known as Twitter, now called X, provided financing from SpaceX, his own company, during the acquisition process of X.

According to the Wall Street Journal, Musk took out a $1 billion loan from his own company SpaceX the same month he bought Twitter. According to the newspaper, the loan, secured by some of Musk's shares in the company, was approved in October 2022.

He paid it back with interest

It was stated that the founder of SpaceX, who took the loan within a month, repaid $ 1 billion to the company with interest a month later. Musk's reason for taking this loan is unknown. The media outlet also noted that Musk sold $ 3 billion 950 million worth of shares in Tesla, another company, in November 2022, when Musk repaid the loan.

He sold 23 billion dollars worth of Tesla shares

Musk sold another 3 billion 580 million dollars worth of Tesla shares the following month. Since April that year, the billionaire businessman has sold about $23 billion worth of Tesla shares.

Musk had previously taken money from another startup to support one of his ventures. In 2009, Musk reportedly borrowed $20 million from SpaceX to support Tesla.