# Elon Musk borrowed $500 million from SpaceX at interest rates as low as 1%.

*business · news · 2026-04-24 · Benzinga*

## Key points

- Elon Musk borrowed $500 million from SpaceX at below-market interest rates between 2018 and 2020.
- SpaceX acquired xAI after Musk said it was 'not built right,' prompting at least seven co-founders to quit.
- The xAI acquisition diluted existing SpaceX shareholders, raising concerns among major investors like Founders Fund.
- SpaceX's upcoming S-1 filing will publicly disclose all related-party transactions for the first time.

**Companies:** SpaceX, Tesla, xAI
**Countries:** United States

[Read the full story on Benzinga](https://www.benzinga.com/markets/prediction-markets/26/04/52041765/elon-musk-reportedly-used-spacex-as-piggy-bank-to-give-himself-tesla-a-leg-up)

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