Musk can now add a social media magnate to his list of titles.
According to regulatory documents released on Monday, the billionaire who runs both Musk's companies has purchased a 9.2% stake in the micro-messaging service. His stake in the company is worth nearly $2.9 billion based on Friday's stock prices.
The stock price of the social media platform increased as much as 27% on Monday after it was reported that Musk is the largest shareholder.
Musk is a private space entrepreneur.
The purchase is not completely out of left field. The consequences of the poll will be important. He urged voters to vote carefully that day.
More than 2 million people participated in the poll, and 70% of them voted no.
Musk is one of the most prolific and popular users of the social media platform. He uses the platform to give his more than 80 million followers updates about new products and systems in development. He doesn't give a lot of opinions about current events.
Some of Musk's posts have landed him in trouble. The SEC sued Musk for fraud in September of last year, claiming that he misled investors with a statement in August of that year that funding had been secured to take the company private at $420 per share.
Musk agreed to step down as the chairman of the company after he paid a $20 million fine and the SEC dispute was settled.
According to Forbes, Musk is the richest person in the world with a net worth of $302 billion. Jeff Bezos has a value of $194 billion.
Mike Wall is the author of Out There, a book about the search for alien life. You can follow him on social media. Follow us on social media.
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