Elon Musk is proving himself an exception to yet another rule. Blockbuster takeovers are usually the preserve of large corporations, not individuals. Undeterred, the entrepreneur has disclosed that he has rustled up $46.5bn of committed capital for his proposed acquisition of Twitter.
Fans of the Tesla chief executive will be thrilled. Liberals will be appalled by the growing prospect of Musk curbing moderation of tweets. Musk himself must relish disproving critics who suggested his boast “funding secured” might prove to be hollow once more.
The mercurial entrepreneur has picked a good time to submit legal documents confirming he can get the money if Twitter’s board and shareholders accept his offer. Tesla is hitting its targets.
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