Elon Musk. File photo WASHINGTON, May 17. American entrepreneur Elon Musk is likely planning to sell shares of SpaceX, which he founded, to finance a deal to buy the social network Twitter, the New York Post reports, citing sources. At the end of April, Musk reached an agreement to acquire the Twitter network for $44 billion. Explaining the purchase, he said he believes in Twitter's potential to become a platform for free speech around the world. According to sources, Musk considers $44 billion to be a very large amount, so he could sell shares of SpaceX to finance the deal. The company is set to begin the sale Tuesday at $70 a share, up 25% from its last share sale in December, the sources said. The billionaire owned 44% of SpaceX as of August 2021, according to federal documents. The New York Times, citing Musk's presentation to investors, reported that the billionaire intends to increase Twitter's annual revenue to $26.4 billion by 2028. In addition, the businessman expects the number of Twitter users to reach 931 million by 2028. disclosure of information
