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Billionaire Elon Musk Secures $46.5 Billion Funding to Acquire Twitter, Raises $675 Million at $5.6 Billion Valuation for Tunnel Startup Boring Co.
22nd April 2022 | Hong Kong
The world’s richest man & billionaire with more than $200 billion personal fortune Elon Musk has secured $46.5 billion funding to acquire Twitter, and raised $675 million at $5.6 billion valuation for his tunnel startup Boring Co. The Boring Co. solves traffic problems by building transportation networks in tunnels deep underground. For Twitter acquisition, Elon Musk will commit $33.5 billion ($21 billion equity, $12.5 billion loan against Tesla shares), with backing of Morgan Stanley ($13 billion debt) and interests from private equity firms including Apollo Capital Management & Thomas Bravo.
“ Elon Musk Secures $46.5 Billion Funding to Acquire Twitter, Raises $675 Million at $5.6 Billion Valuation for Tunnel Startup Boring Co. “
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Elon Musk Twitter Profile
The Boring Company creates safe, fast-to-dig, and low-cost transportation, utility, and freight tunnels. The mission is to solve traffic, enable rapid point-to-point transportation and transform cities.
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