Elon Musk borrowed $1 bln from SpaceX in same month of Twitter deal - WSJ
Elon Musk withdrew a $1 billion loan from SpaceX at the same time he acquired Twitter for $44 billion, complicating his financial situation.
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Posted 9/6/2023, 4:38:33 AM
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Investors who lost money when Elon Musk tweeted about taking Tesla private may soon receive a $41.53 million payout as part of a settlement for federal securities fraud charges.
Elon Musk's social network, formerly known as Twitter and now called X, is facing 2,200 arbitration cases filed by ex-employees after Musk took over the company, leading to potential filing fees of $3.5 million, as revealed in a recent court filing. The cases are part of a lawsuit in a Delaware district court brought by a former senior staff network engineer, Chris Woodfield, who alleges that X failed to pay his severance and delayed the dispute resolution process by not paying the necessary fees.
Former pharmaceutical executive and convicted securities fraudster Martin Shkreli claims he has been lobbying Elon Musk through mutual friends to regain access to his original X (formerly Twitter) account, alleging that Musk's actions contradict his stance on free speech; Shkreli believes Musk may be jealous of him and his machismo.
Amazon's decision to exclude SpaceX from its launch services for the Project Kuiper megaconstellation reveals the extent of Jeff Bezos' personal rivalry with Elon Musk, according to a lawsuit filed by shareholders.
Elon Musk moved forward the Twitter deal closure in a last-minute scheme to terminate the employment of CEO Parag Agrawal and senior management, inflicting punishment for alleged fraudulent practices and to prevent stock options from vesting.
Elon Musk became repulsed by the Twitter logo and its presence in the company's offices, ultimately leading him to acquire Twitter and rebrand it as X.com with plans to transform it into an all-encompassing app for financial and social matters.
Tech billionaire Elon Musk has faced criticism from Ukraine after it was revealed that he ordered his engineers to turn off his Starlink satellite network in order to prevent a Ukrainian drone attack on Russia’s naval fleet, a decision he made to avoid escalating tensions and potential nuclear conflict.
Elon Musk's takeover of Twitter led to multiple business decisions that violated the company's internal policies and likely ran afoul of a government order on data security and privacy, according to depositions from former employees published by the Justice Department in a court filing.
Elon Musk's new biography reveals that he was upset with Jeff Bezos for not inviting him to tour Blue Origin's factory after Bezos toured SpaceX, leading to an awkward dinner and a long-standing feud between the two billionaires in the space race.
Elon Musk's SpaceX is no longer subsidizing the cost of its Starlink antennas, which is a positive step toward improving profitability and indicates that the terminals now cost less than $600 each to make.
Elon Musk's new biography reveals shocking and bizarre details about the Tesla and SpaceX CEO, including volatile relationships, physical injuries, controversial statements, and his role in geopolitical conflicts.
Elon Musk, known for his leadership at Tesla and SpaceX, has a relentless drive for intensity and risk-taking, leading him to acquire Twitter and run multiple companies simultaneously.
Elon Musk was ousted as CEO of PayPal by the "PayPal Mafia" due to disagreements about the company's direction and leadership style, ultimately leading to his removal during his honeymoon, as revealed in a new biography about the billionaire.
Elon Musk is known for his disruptive innovation in the electric vehicle industry, space exploration, and his controversial use of Twitter, but his historical significance and impact on social media may not be seen as a net force for good in the long run.
The Senate Committee on Armed Services is planning to investigate Elon Musk over his decision to shut off access to SpaceX's Starlink in Crimea during the Russian invasion of Ukraine, questioning the extent of Musk's control over the use of his network and the potential national security risks posed by contractors independently discontinuing services.
Elon Musk, CEO of SpaceX and Tesla, revealed plans for his social network, X (formerly Twitter), to introduce a monthly payment system to combat bots, but did not disclose the cost or additional features included, while also claiming to have 550 million monthly users generating millions of daily posts, without specifying the authenticity of these users. Musk's discussion with Israeli Prime Minister Benjamin Netanyahu also addressed concerns over hate speech and antisemitism on the platform, following Musk's previous amplification of such content. Musk's takeover of Twitter led to significant changes, including staff cuts, the restoration of previously suspended accounts, and the elimination of Twitter's verification system.