Everyone knew Elon Musk was overpaying for Twitter whenhe bought the social media platform back in 2022.
Apparently, it was the worst deal since the global financial crisis in 2008.
This means the loans are just sitting on the balance sheets of these banks.
© Photo by Richard Bord/WireImage
And talks about restructuring the deal havent been fruitful, according to the Journal.
SpaceX is a powerhouse in commercial space and benefits tremendously from government contracts.
X is currently valued at roughly $19 billion, less than half what Musk paid for it.
And yet Musk has maintained a reputation among some of the dumbest people that hes still a genius.
The entire spectacle is likely a demonstration of the primary reason he bought the site.
Musk bought himself a safe space where everyone is constantly telling him hes a genius.
And thats worth a lot of money to one of the wealthiest men in the world.
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