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in SpaceXSpaceX is raising new funds at $127B valuation
CNBC has learned that SpaceX is in the process of obtaining a significant amount of new investment, which would bring the private company’s worth to over $127 billion. According to an email sent out to the whole firm on Friday and seen by CNBC, the space venture is planning to raise up to 1.72 billion […] More
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in Elon MuskSources: Elon Musk’s SpaceX employees are offering to sell shares at $125 Billion Valuation
The Post has learned that SpaceX plans to sell existing shares to a small group of purchasers on Tuesday and that Elon Musk may be one of the sellers. Musk has been attempting to collect additional money for his $44 billion Twitter proposal and is finding it difficult and costly, according to individuals familiar with […] More
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in Elon MuskElon Musk: ‘Twitter deal temporarily on Hold’
Elon Musk said Friday that his $44 billion US takeover of Twitter is “temporarily on pause” seeking information on spam and phony accounts on the social media network, adding to evidence of internal conflict over the proposed deal. Musk seemed to query if Twitter was underreporting “spambots” that imitate actual people. Musk has been outspoken […] More
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in Elon MuskWith Tesla’s stock price falling, Elon Musk’s Twitter deal is in doubt
On the basis of Tesla’s performance, Elon Musk’s proposal to acquire Twitter is a risky bet. Shares of Tesla (TSLA) have fallen approximately 20% since CEO Elon Musk originally announced ambitions to acquire Twitter and take it private. That’s why Twitter’s stock (TWTR) is presently more than 10% below Musk’s suggested acquisition price of $54.20 […] More
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in Elon MuskTesla CEO Elon Musk sells TSLA shares worth Billions after Twitter acquisition
US securities filings on Thursday revealed that Tesla Inc. CEO Elon Musk sold $4 billion worth of the electric car maker’s shares, transactions that were probably intended to help fund his planned acquisition of Twitter Inc. Tesla CEO Elon Musk announced in a tweet that “no additional TSLA sales are planned after today.” On Tuesday […] More
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in Elon MuskTwitter reports all time higher Revenue after Elon Musk’s acquisition: Daily users at 229M
Twitter reported $513 million in quarterly profits only days after agreeing to be sold to billionaire Elon Musk. In the three months ending in March, the social media business reported a 16 percent increase in revenue to $1.2 billion, compared to the same time the previous year. Twitter, located in San Francisco, claimed an average […] More
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in Elon MuskElon Musk’s Twitter purchase gives him a new type of power
Elon Musk is one of the most powerful corporate CEOs in history. When Musk buys Twitter, he will be adding one of the world’s most influential media platforms to his business empire, which already includes the leading private space company (SpaceX) and one of the leading electric car companies. Musk, who was already named the […] More
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in Elon MuskJust in: Elon Musk Officially bought Twitter for almost $44 Billion
Elon Musk, the world’s wealthiest man, agreed to acquire Twitter for $44 billion on Monday, vowing a more liberal approach to police material on the social media network where he promotes his interests, criticizes opponents, and comments on a broad variety of subjects to over 83 million followers. Tesla’s outspoken CEO has said that he […] More
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in Elon MuskTwitter Stock surges as Elon Musk Nears Deal to Buy Twitter
Expectations that Twitter Inc. might conclude a deal to sell itself to Elon Musk as soon as Monday boosted the stock. During late morning trade, shares of the social networking business rose 3.8 percent to $50.80. The stock of Twitter has been swinging dramatically this month as investors have followed Elon Musk’s offer to purchase […] More
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in Elon Musk‘Maybe receptive to deal’: Twitter Meeting with Elon Musk to Discuss $43 Billion Takeover Bid
According to The Wall Street Journal, Twitter’s board is reviewing Elon Musk’s AU$59 billion (US$43 billion) buyout offer after he declared that he had secured finance for the purchase. Both parties are scheduled to meet later today. According to the article, Twitter, which first seemed uninterested in the plan when Mr. Musk originally revealed it […] More
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in Elon MuskCEO of Tesla Elon Musk reveals his plans to improve Twitter if his bid succeeds
The CEO of Tesla Elon Musk has revealed how he aims to enhance Twitter if his attempt to acquire the social media company succeeds. A tweet from Elon Musk on Friday said he would concentrate on fixing “serious issues,”. For example, making Twitter’s algorithm open source, getting rid of the spambots, having free speech, and […] More
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in Elon Musk
Elon Musk takes the next big step toward buying Twitter: “Will defeat the Spam Bots Or Die trying!”
Bloomberg reports that Tesla CEO Elon Musk has set up a number of new holding companies. The new business structures might assist in his Twitter proposal if it is implemented. Those that follow Musk’s lead will be expecting more from the new firm when it is formed. According to Bloomberg, the word “X holding” appears in […] More
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