Twitter Stock Surges 27% After Elon Musk Becomes Biggest Shareholder
filing Monday with the Securities Exchange Commission, the Tesla and SpaceX boss has gobbled up a 9.2% stake in Twitter — which was worth $2.9 billion at the close of trading on Friday.Given the stock’s surge on Monday, Musk’s stake is now worth $3.84 billion — suggesting that he’s already seen nearly $1 billion in gains on his investment. Musk’s investment follows his public criticism of the platform’s content moderation policies.