Elon Musk, boss of Tesla and SpaceX among others, has just taken a significant stake in the social network Twitter.
The richest man on the planet is buying 9.2 percent of Twitter Inc. and thus becomes the platform’s largest shareholder.
The announcement this morning of the deal in a regulatory filing sent Twitter’s stock soaring. Elon Musk’s stakein Twitteris worthabout $2.89 billion (US).
Elon Musk is a regular Twitter user and is followed on the social network by over 80 million people.
Chosen as the 2021 Person of the Year by the prestigious Time magazine, Elon Musk has been investing for years in numerous companies or various original projects. In addition to electric vehicles with Tesla, or the conquest of space with SpaceX, the billionaire has embarked on the diversification of urban transport or in the neurotechnologies for example.
Elon Musk’s arrival at Twitter could have major implications. The network is under pressure to accelerate the creation of new products.
The billionaire has often been critical of Twitter, which may be why the markets have welcomed his investment.