Elon Musk's X is now worth less than a quarter of its $44 billion purchase price, according to a new estimate from investor Fidelity. The asset manager, Elon Musk's X is now valued at less than a quarter of its $44 billion purchase price, according to Fidelity.
“Fidelity is currently valuing X at about $9.4 billion”
yeah, guess what, this is not your average home mortgage :D it is more complicated, but short story is yes, musk paid with his own money and money backed by his other property.
and no matter what, it still doesn’t explain this nonsense you said:
I think the point is to destroy it so he doesn’t have to pay back what he borrowed to buy it.
not sure where this absurd idea of yours comes from, but it is still nonsense. no matter where he borrowed the money from, he has to return them, even if he drowns the twitter in gasoline and then set it on fire.
On April 20, Musk disclosed that he had secured financing provided by a group of banks led by Morgan Stanley, Bank of America, Barclays, MUFG, Société Générale, Mizuho Bank, and BNP Paribas, for a potential tender offer to acquire the company.[27][28] The funding included $7 billion of senior secured bank loans; $6 billion in subordinated debt; $6.25 billion in bank loans to Musk personally, secured by $62.5 billion of his Tesla stock; $20 billion in cash equity from Musk, to be provided by sales of Tesla stock and other assets; and $7.1 billion in equity from 19 independent investors.[29][30][31]
yeah, guess what, this is not your average home mortgage :D it is more complicated, but short story is yes, musk paid with his own money and money backed by his other property.
and no matter what, it still doesn’t explain this nonsense you said:
not sure where this absurd idea of yours comes from, but it is still nonsense. no matter where he borrowed the money from, he has to return them, even if he drowns the twitter in gasoline and then set it on fire.
On April 20, Musk disclosed that he had secured financing provided by a group of banks led by Morgan Stanley, Bank of America, Barclays, MUFG, Société Générale, Mizuho Bank, and BNP Paribas, for a potential tender offer to acquire the company.[27][28] The funding included $7 billion of senior secured bank loans; $6 billion in subordinated debt; $6.25 billion in bank loans to Musk personally, secured by $62.5 billion of his Tesla stock; $20 billion in cash equity from Musk, to be provided by sales of Tesla stock and other assets; and $7.1 billion in equity from 19 independent investors.[29][30][31]
https://en.wikipedia.org/wiki/Acquisition_of_Twitter_by_Elon_Musk