Elon Musk, the founder of Tesla and SpaceX, said that the social network has extraordinary potential and will reveal it.
Elon Musk has offered to buy Twitter for $54.2 per share . Citing documents submitted to the US Securities and Exchange Commission , Bloomberg reported that if the deal is completed, the entire company will be worth approximately $43 billion .
Twitter shares soar after Musk’s offer
At the time of this writing , Twitter stock was valued at $45.85 and the social network had a market capitalization of $36.71 billion . Shares of the social media company have risen 18% since Musk’s offer .
According to Bloomberg, Elon Musk’s personal wealth is currently around $260 billion . Let’s remind you that in early April, Musk bought a 9.2% stake in Twitter, and then the company offered him a board membership . However, the founder of Tesla and SpaceX had decided to reject this offer.