Elon Musk and SBF: Unveiling the $100 Million Twitter Investment

Elon Musk and SBF's Financial Connection

Elon Musk's acquisition of Twitter involved a previously undisclosed financial connection with Sam Bankman-Fried (SBF), the former owner of the collapsed FTX exchange. SBF contributed a significant $100 million to Musk's Twitter deal, a detail that emerged amid SBF's bankruptcy proceedings.

Musk's View on SBF

Despite SBF's financial involvement, Musk has publicly criticized him, especially after FTX's bankruptcy. Musk expressed skepticism about SBF’s financial stability, predicting the crypto magnate's downfall. This prediction came true as SBF's reputation and fortune disintegrated rapidly.

SBF's Role in the Twitter Deal

Reports indicate that SBF was not just a minor investor; he controlled a substantial portion of Twitter's shares, which are currently illiquid. This financial entanglement places SBF as a notable partner in Musk's Twitter venture, despite Musk’s public distancing from him.

The Unrevealed $3 Billion Offer

In an intriguing twist, SBF reportedly offered Musk between $3 billion to $10 billion to support the Twitter acquisition. This offer was facilitated by SBF's advisor, William MacAskill, who proposed a potential joint venture to Musk, showcasing SBF's substantial interest in the social media platform.

Financial Implications and Current Status

SBF's investment in Twitter is currently illiquid as highlighted in FTX’s financial documents. This complicates the financial landscape for both Musk and SBF, with the latter's holdings in Twitter remaining a topic of interest amidst the ongoing financial and legal turbulence.

This revelation about SBF's investment adds a layer of complexity to the narrative of Musk's acquisition of Twitter, intertwining it with the dramatic collapse of FTX and the financial fall of its once-revered leader, SBF.