Elon Musk spent tens of billions of dollars to purchase X.
Posted by The MeidasTouch Podcast, Checked
- Sources
- 4 support3 context
- Said
- 1 time·
- Confidence
- 88%
The MeidasTouch PodcastOct 27, 2026
Sources consistently report that Musk bought Twitter, later renamed X, for about $44 billion in 2022, which fits 'tens of billions' to purchase X.
What was said
… But you got people like Musk suppressing the pro lula content down in Brazil and suppressing the No King's content over here. You got Elon Musk, who specifically spent tens of billions of dollars on X so that he could control the algorithms, so that he could control what the people sees. And all Musk posts online all day long, if you looked at Musk's Twitter feed, and I kind of wish that more people actually looked at Musk's Twitter feed because there are a lot of people who go around and think …
The MeidasTouch Podcast · · from the transcriptPost →What we found
Supports. Harvard Law School's Business Law Review states Musk completed a $44 billion acquisition of Twitter, taking the company private.[3]
Supports. AP reports Musk bought the site then called Twitter for $44 billion in 2022 and renamed it X.[1]
Supports. Britannica and Reuters/CNBC coverage describe the $44 billion 2022 acquisition, later renamed X, which is consistent with Musk spending tens of billions on the platform.[4][5]
Context. The 2022 purchase was financed largely with borrowed money and co-investor equity, and in March 2025 X was sold to xAI in an all-stock deal valued at $33 billion; these details qualify how much cash Musk personally put in but not that he spent tens of billions acquiring the company.[2][6][7]
Context. No source addresses the post's claim that the purchase was meant to control algorithms, so that element is not graded.
Sources
7 sources: 2 fact-checkers, 1 primary, 4 not rated
- 1Elon Musk sells X to his own xAI for $33 billion in all-stock dealapnews.com · fact-checker · cited for: supports
- 2Musk's social media firm X bought by his AI company, valued at $33 billionreuters.com · fact-checker · cited for: context
- 3From Public to Private: A Mogul’s Acquisition of Twitterjournals.law.harvard.edu · primary source · cited for: supports
- 4X (formerly Twitter) | Founding, History, Elon Musk, & SpaceXbritannica.com · not rated · cited for: supports
- 5Elon Musk says xAI has acquired X in deal that values social media site at $33 billioncnbc.com · not rated · cited for: supports
- 6Musk sank Twitter, but his $44bn purchase has fuelled his riseobserver.co.uk · not rated · cited for: context
- 7How much did Elon Musk pay for Twitter? Sneako accuses SpaceX boss of using it to allegedly spread "Mossad propaganda"soapcentral.com · not rated · cited for: context
Where this claim was made
Said in 1 published post
Related claims
- Elon Musk purchased Twitter for $44 billion.True
- Elon Musk purchased Twitter because he viewed it as a threat to his power.Can’t tell
- Elon Musk spent close to 300 million dollars during the 2024 election cycle.True
- Elon Musk funded the acquisition of Twitter by raising debt from foreign sources including Saudi Arabia, big banks, and other big tech figures.Mixed
- Elon Musk is worth close to a trillion dollars in value.True