Musk’s Twitter investors have lost billions in value
Elon Musk bought Twitter with a combination of his own money, bank loans and capital raised from friends and associates. Here’s how far his investors are underwater.
9 min
Elon Musk in Wilmington, Del., in July 2021. His takeover of Twitter, now called X, has plunged the company into turmoil. (Matt Rourke/AP)
When Elon Musk bought Twitter and renamed it X, he didn’t do it alone. Though the billionaire tapped his vast wealth to cover the lion’s share of the $44 billionpurchase price in 2022, he also relied on bank loans and along list of investors, the full extent of which was only recently revealed.