Elon Musk Borrowed $1 Bln From SpaceX In Same Month Of Twitter Deal

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Elon Musk, Chief Executive Officer and owner of SpaceX and Tesla, Twitter as well as gesture while attending the Viva Technology conference. He also has startups at the Porte de Versailles Exhibition Center in Paris., France on June 16.

A loan of $1 billion was withdrawn from SpaceX by Elon Musk. During that time Twitter was also being looked after which is now known to people as X for $44, according to the reports of the Wall Street Journal. The loan of 41 billion was approved by SpaceX. 

It was also backed off by some of his stocks of SpaceX. According to the reports, Musk drew all the money in October. He also took ownership of Twitter in October.

Elon Musk manages it with banks to take the loans against his company along with its shares. It also includes EV (electric vehicle), and TSLA.O (maker Tesla). 

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