Elizabeth Lopatto
Elon Musk borrowed $1 billion from SpaceX last year around the time he acquired Twitter.
Musk drew on the money last October and paid it back, with interest, in November, according to The Wall Street Journal. It’s not clear why he borrowed the money. It’s an awful lot! SpaceX had $4.7 billion in cash and securities on hand at the end of last year, WSJ reports.
WSJ News Exclusive | Elon Musk Borrowed $1 Billion From SpaceX in Same Month of Twitter Acquisition
[The Wall Street Journal]
