/sci/ - Science & Math

Anonymous Wed Sep 6 09:07:29 2023 No.15723321 [View]
File: 75 KB, 659x870, 006292.jpg [View same] [iqdb] [saucenao] [google]

>>15723312
from the WSJ article

> SpaceX approved the loan, which was backed by some of his SpaceX stock, in October, and Musk drew all of it down the same month, according to documents reviewed by The Wall Street Journal.

> It couldn’t be determined why he took on the debt. He paid the loan back shortly after he borrowed the money, returning $1 billion with interest to SpaceX in November. Musk and SpaceX didn’t respond to requests for comment.

pic is one possible explanation, which I tend to agree with especially as the loan was paid back with interest so quickly
it was taken to cushion selling too quickly
https://twitter.com/xDaily/status/1699252543069589894

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/sci/ - Science & Math

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