In a new filing with the Securities and Exchange Commission, Musk claims to have secured $46.5 billion in financing to buy the micro-blogging site.
It is another surprising twist in the billionaire's quest to take over the platform and turn it into an inclusive arena for free speech.
According to the filing, half of the amount will come from his own pocket. Musk is ready to take on billions of dollars in debt through a number of different banks. According to the plan, $13 billion will come out of his shares.
It's an interesting development, considering the endless speculation about whether Musk will actually be able to cobble together enough money, and of course, make enough of a compelling case to the board and shareholders.
During an interview last week, Musk said that he doesn't care about the economics at all and that he's in it as a matter of principle.
It has been a weird week. Shortly after he offered to buy Twitter for $43 billion, he bought 9.2 percent of the company's shares.
The poison pill provision was approved by the board late last week, which could make Musk's takeover very expensive and complicated.
The ball is in the hands of the person who is in charge. Musk has threatened to pull out and sell his shares if the board turns down his offer.
It is not clear whether Musk will have a comprehensive enough plan to convince the board. The company is unlikely to simply give in and hand over the keys because several major shareholders have already rejected Musk's offer.
Speculation continues. The operations of the micro-blogging site have already been thrown into a week of chaos. We are unlikely to get more clarity on the situation any time soon.
Musk now has $46.5 billion in financing, and he still wants to buy the company.
There is more on the saga.
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