https://sputnikglobe.com/20220517/musk-planning-to-sell-spacex-shares-to-raise-money-for-twitter-acquisition-reports-say-1095561630.html
Musk 'Planning to Sell SpaceX Shares to Raise Money for Twitter Acquisition'
Musk 'Planning to Sell SpaceX Shares to Raise Money for Twitter Acquisition'
Sputnik International
MOSCOW (Sputnik) - SpaceX founder and Tesla CEO Elon Musk is planning to sell SpaceX shares starting Tuesday in order to fund the acquisition of the social... 17.05.2022, Sputnik International
2022-05-17T06:18+0000
2022-05-17T06:18+0000
2023-04-14T12:56+0000
space x
elon musk
twitter
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The company is expected to sell shares at $70 per share, an increase of 25% from the last trade, the newspaper said on Monday, adding that existing shares will be traded, not new ones. Musk owns 44% of SpaceX shares, the newspaper noted.Musk reached an agreement with Twitter on the acquisition of the social network for $54.20 per share in a transaction valued at approximately $44 billion in late April. Elon Musk later said that he would like to revolutionize Twitter’s role in public debate, as "free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated."
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space x, elon musk, twitter
Musk 'Planning to Sell SpaceX Shares to Raise Money for Twitter Acquisition'
06:18 GMT 17.05.2022 (Updated: 12:56 GMT 14.04.2023) MOSCOW (Sputnik) - SpaceX founder and Tesla CEO Elon Musk is planning to sell SpaceX shares starting Tuesday in order to fund the acquisition of the social media platform Twitter, which will cost him $44 billion, New York Post reported, citing sources.
The company is expected to sell shares at $70 per share, an increase of 25% from the last trade, the newspaper said on Monday, adding that existing shares will be traded, not new ones. Musk owns 44% of SpaceX shares, the newspaper noted.
Musk reached an
agreement with Twitter on the acquisition of the social network for $54.20 per share in a transaction valued at approximately $44 billion in late April.
Elon Musk later said that he would like to revolutionize Twitter’s role in public debate, as "free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated."
