SpaceX's IPO Filing Shows Elon's Twitter 'Business Genius' Was a Fantasy
SpaceX's IPO filing reveals that Elon Musk's $44 billion acquisition of Twitter (now X) has been a financial disaster, contradicting claims of business genius. The filing shows the investment is deeply underwater, with Musk's stake worth significantly less than what he paid, and the platform's revenue and user growth have stagnated or declined since the takeover.