WHO IS ELON MUSK AND

HAS HE BOUGHT TWITTER?

The Brief Affairs

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 The owner of SpaceX and Tesla and the
world’s richest man Elon Musk recently
bought the micro-blogging site Twitter in a
44 billion deal.

Elon Musk, the billionaire head of US

technology company Tesla, who made the
shocking bid some time ago, said that
Twitter had “extraordinary potential” and
he can do better for the company’s
employees and customers.
The Brief Affairs
 Who is Elon Musk?
Elon Musk was born on June 28, 1971, Elon Musk
is a South African-born American industrial
engineer, entrepreneur, who co-founded Paypal
and founded aerospace transportation services
company SpaceX.

Elon’s revolutionary mindset is behind the

development of fully electric cars, reusable
rockets and many other big revolutionary projects
like this. He is not only the CEO of SpaceX and
Tesla Motors but also Solar City, chairman and
co-founder of PayPal, Zip2.
The Brief Affairs
 Above all, Elon Musk
proposed a new conceptual
transport system called the
Hyperloop, the success of
which changed the world
map of travel.
The Brief Affairs
 World’s billionaire man
Elon Musk, head of the American
technology company Tesla, became the
richest man in the world in 2021,
surpassing Amazon founder Jeff Bezos.

The total value of the assets of the owners

of Tesla and SpaceX has crossed $185
billion after the increase in the share
price of the electric car company.
The Brief Affairs
 How did Elon Musk become so rich?
Unlike other billionaires in the world,
Elon Musk made the most of his fortune by
investing in small, successful projects and
various ventures.

After selling Zip2, he moved to online

banking with Peter Thall, who bought
2009 180 million worth of shares on eBay
when he bought it in 2009.
The Brief Affairs
In 2002, Elon Musk founded SpaceX with
the goal of colonizing Mars using cheap
rockets and then raised $6 million the
following year at Tesla, although the
company had never built a real car at the
site.

The two firms initially struggled, until

2008 when SpaceX signed a 1.6 billion
mass production deal with NASA and
Tesla’s first vehicle, the Model S, in 2012.
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 Keep in mind that nowadays SpaceX is an
important part of all NASA missions to the
International Space Station and the moon,
while Tesla’s cars you will often see on the
roads of China, the USA, and London.

Elon Musk’s fortunes have soared due to

Tesla’s share price, which has tripled in the
last 18 months to more than 1 trillion. Elon
Musk currently owns between 17 percent
and 21 percent of the company, valued at
170 billion.
The Brief Affairs
Elon Musk, meanwhile, owns
a 48 percent stake in
SpaceX, a 100 100 billion-
dollar firm that makes up the
remainder of his fortune. He
has since launched two other
business ventures in the last
five years.
The Brief Affairs
Twitter and world’s richest man
Elon Musk on Monday agreed to buy Twitter
for 44 billion, transferring control of the
social media platform, which has a
population of millions of users and world
leaders, to the world’s richest man.

The deal eliminates the use of Twitter as a

public company since its initial public
offering in 2013. Under the agreement, Elon
Musk will pay 54 54.20 per share in cash to
purchase Twitter.
The Brief Affairs
 It should be noted that after the
agreement, Elon Musk has become the
sole shareholder of Twitter. This is by far
the largest bargain to be made by any
private company in the world.

In this regard, Elon Musk says that free

speech is the foundation of an active
democracy and Twitter is a digital town
square where important issues for the
future of humanity are discussed.
The Brief Affairs