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From outer house to social media, Elon Musk’s rising universe

198uknews_u1eiwy by 198uknews_u1eiwy
April 25, 2022
in Business News from around the World
Reading Time: 2 mins read
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Twitter Inc is poised to just accept billionaire Elon Musk’s “greatest and remaining” $43 billion takeover provide, folks aware of the matter instructed Reuters on Monday.

Learn: Twitter, below shareholder stress, begins deal talks with Musk – sources

This comes on the heels of Musk saying that he had secured $46.5 billion in debt and fairness financing for the deal.

Earlier in April, the social media firm had adopted a “poison tablet” to guard itself from Musk’s $54.20 per share provide, which adopted days after he had disclosed an over 9% stake.

The tech entrepreneur, whose internet price is almost $300 billion in keeping with Forbes, has based, co-founded or is main the next firms:

Firm identify Yr based What does it do?
Neuralink 2016 The mind chip startup goals to attach people and computer systems.

In July final yr, it stated it had raised over $200 million from buyers together with Google Ventures.

SpaceX 2002 The corporate designs and manufactures aerospace know-how, and goals to land its rockets on Mars earlier than 2030. It was valued at over $100 million, CNBC reported final yr.
The Boring Firm 2017 The underground tunneling firm goals to construct hyperloops, an ultra-high-speed floor transportation system for passenger and cargo, to resolve massive metropolis site visitors issues.
Tesla Inc 2003 The electrical-car maker, which went public in 2010, is valued at greater than $1 trillion, greater than legacy automakers Ford <F.N> and Common Motors <GM.N> mixed. Final yr, Musk stated the corporate will in all probability launch a “Tesla Bot” humanoid robotic prototype in 2022, designed for harmful, repetitive, or boring work that folks don’t love to do.
PayPal Holdings Inc 1998 The fintech firm went public first in 2002, and was purchased by eBay Inc <EBAY.O> for $1.5 billion quickly after. It then went public once more in 2015.

The tech entrepreneur’s investments in different smaller startups:

Firm Yr based Notes
Stripe Inc 2010 The digital funds firm was valued at $95 billion in a fundraising spherical final yr.

Reuters reported in July 2021 that Stripe employed a legislation agency in its first main step in the direction of a inventory market debut.

Vicarious 2010 The substitute intelligence and robotics firm, which has obtained over $250 million in funding, additionally counts Jeff Bezos and Mark Zuckerberg as its buyers, in keeping with its web site.

 

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