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Elon Musk borrowed $500 million from SpaceX at interest rates as low as 1%.
Elon Musk borrowed $500 million from SpaceX at below-market interest rates between 2018 and 2020.
KEY POINTS
- 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
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