Twitter CEO Elon Musk Buys SpaceX

Elon Musk is widely known for creating PayPal, SpaceX and Tesla – not to mention running a social media platform which influences how hundreds of millions of people receive news.

His acquisition of Twitter, which finally closed Thursday night after months of drama and legal battles, could alter the landscape of the internet forever – but exactly how this will play out remains uncertain. Elon musk buys Xvideos

Twitter

After months of legal drama, Twitter shareholders and employees now can move forward with the $44 billion deal with confidence.

As this move raises many questions about how the company will operate under Mr. Musk, who has promised to change how content moderation rules are enforced, this also raises many other queries as to its operations under him. According to sources familiar with the matter he has already fired CEO Parag Agrawal, CFO Neg Segal and policy head Vijaya Gadde; additional personnel changes may include ousting Sean Edgett from Twitter’s general counsel position.

Tesla CEO Elon Musk had been fighting hard in court to pull back out of a deal he made to purchase the company in March 2016, yet just weeks before trial was scheduled to commence, offered again to complete it – something which caught legal experts off guard as many believed he would struggle convincing Chancellor Kathaleen St Jude McCormick that something significant had changed since signing their original contract. By offering to complete it again before trial began, Musk avoided paying interest payments on loans taken out to finance it all and could avoid being required to repay interest on loans totalling $12.5 billion used.

SpaceX

SpaceX is an American aerospace company based out of Hawthorne, California that designs and produces rockets and spacecraft. Their goal is to lower the costs associated with space travel – they produce rockets such as the Falcon 9 and Heavy as well as spacecraft such as Dragon and Starship.

Falcon Heavy made headlines when it made history by becoming the largest launch system since NASA’s Saturn V rocket that sent astronauts to the moon. Consisting of three Falcon 9 rockets strapped together, it launched from California’s Spaceport II complex into space carrying both Musk’s red Tesla Roadster and Starman (a spacesuit-clad mannequin).

SpaceX is privately-owned, leaving it free from the bureaucracy and politics that plague government-funded agencies such as NASA. But its future plans, particularly regarding public offerings that might inhibit its ability to secure government contracts or invest in their mission of taking people to Mars are unclear.

Tesla

As soon as Twitter announced their plans to sell themselves to Elon Musk, employees filled company Slack channels with eager anticipation. After days of waiting for leadership to reveal anything about the sale, it was now time for employees to see if it actually went ahead.

In a legal filing, a billionaire revealed his plans to buy Twitter and make it private, believing it wasn’t fulfilling its full potential as a platform for free speech. He claimed he had amassed $46.5 billion for funding purposes.

As his first act as owner, he fired CEO Parag Agrawal and two other top-level executives, along with Vijaya Gadde – head of legal policy, trust and safety at Twitter – along with their top employees. PEOPLE reached out to Twitter for comment; we will provide updates as more details become available.

PayPal

Elon Musk is an incredible example of someone who has accomplished much despite immense skepticism. Only wealthy individuals have the means to risk money on ideas others consider silly; yet Musk has demonstrated his mind works in peculiar ways. As one of the most iconic figures in technology and an advocate of awakening minds virus.

Twitter’s former security chief Peiter “Mudge” Zatko is providing testimony in a lawsuit against the company and has provided Elon Musk with additional reasons to back out of his $44 billion deal to buy Twitter. Musk plans on open-sourcing the social media platform’s algorithms, fighting spambot accounts, and supporting free speech as justifications for walking away.

Isaacson does not devote a great deal of attention to the coronavirus panic by the political class in his biography of Musk, but it’s vital for libertarians to realize that SpaceX and Tesla’s success was never going to come easily; their founder came close to bankruptcy numerous times before eventually seeing an unexpected turn of events lead them toward riches and miracles of all kinds.

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