INSIDE ELON MUSK'S TWITTER TAKEOVER
YOU South Africa|28 September 2023
What was going on inside the mogul's mind as he launched his shock $44-billion acquisition of the social media giant last year? A blockbuster biography by his confidant, Walter Isaacson, reveals all
INSIDE ELON MUSK'S TWITTER TAKEOVER

IN APRIL 2022, things were going surprisingly well for Elon Musk. Tesla stock had risen 15-fold in five years, making it worth more than the next nine auto companies combined.

SpaceX in the first quarter of 2022 launched twice as much mass into orbit as all other companies and coun tries combined. Its Starlink satellites had just succeeded in creating a privately owned internet, providing connectivity to 500 000 subscribers in 40 countries, including Ukraine.

It promised to be a glorious year, if only Musk could leave well enough alone. But that was not in his nature.

Shivon Zilis, who runs Neuralink (Musk’s company working on implantable brain-computer interfaces) and is the mother of two of his children, noticed that by early April he had the itchiness of a video-game addict who has triumphed but couldn’t unplug.

“You don’t have to be in a state of war at all times,” she told him that month. “Or is it that you find greater comfort when you’re in periods of war?”

“It’s part of my default settings,” he replied. As he put it to me, “I guess I’ve always wanted to push my chips back on the table or play the next level of the game.”

This period of unnerving success coincided, fatefully, with a moment when he had exercised some expiring stock options that left him with about $10 billion (R180bn) in cash. “I didn’t want to just leave it in the bank,” he says, “so I asked myself what product I liked, and that was an easy question. It was Twitter.”

That January, he had confidentially told his personal business manager, Jared Birchall, to start buying shares.

This story is from the 28 September 2023 edition of YOU South Africa.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the 28 September 2023 edition of YOU South Africa.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM YOU SOUTH AFRICAView All
Our top picks to listen to and watch
YOU South Africa

Our top picks to listen to and watch

The HOTTEST things in POP CULTURE and ENTERTAINMENT THIS WEEK

time-read
5 mins  |
20 June 2024
QUEEN OF THE COURT
YOU South Africa

QUEEN OF THE COURT

She's just won her fifth Grand Slam title and at 23 tennis star Iga Świątek is only getting started!

time-read
5 mins  |
20 June 2024
WE'RE ON A MISSION TO HELP
YOU South Africa

WE'RE ON A MISSION TO HELP

The Olifants have started an ambulance service for animals from less fortunate communities

time-read
4 mins  |
20 June 2024
BARBER TO THE BOKS
YOU South Africa

BARBER TO THE BOKS

He's been cutting hair for almost 50 years. But it's the more than 40 jackets and signed jerseys from Springbok players whose hair he's done that make him a cut above the rest

time-read
4 mins  |
20 June 2024
THE SCIENCE OF DEATH
YOU South Africa

THE SCIENCE OF DEATH

New research into the dying brain suggests the line between life and death may be far less distinct than previously thought

time-read
10+ mins  |
20 June 2024
WE TALK ABOUT Colombia's underwater treasure quest
YOU South Africa

WE TALK ABOUT Colombia's underwater treasure quest

COLOMBIA is launching a historic underwater expedition to explore a ship that sank in the Caribbean more than 300 years ago.

time-read
4 mins  |
20 June 2024
UNFORGETTABLE READS
YOU South Africa

UNFORGETTABLE READS

These new releases all offer something surprising and unexpected

time-read
2 mins  |
20 June 2024
EAT YOUR FILL
YOU South Africa

EAT YOUR FILL

Trying to lose weight? Stock up on the foods that trigger the release of the same 'fullness' hormone as the weight-loss drug Ozempic

time-read
5 mins  |
20 June 2024
ROMANTIC RUPERT
YOU South Africa

ROMANTIC RUPERT

Retired media tycoon Rupert Murdoch is a sucker for love and at 93 he's got married - again!

time-read
4 mins  |
20 June 2024
RUNNING STRONG
YOU South Africa

RUNNING STRONG

This Roodepoort mom has lost half her body weight - and she's just done her second Comrades

time-read
5 mins  |
20 June 2024