Elon Musk's Space X Buys $ 90 Million in SolarCity Bonds After CEO's Tweet Tease
Elon Musk's Space X has invested $ 90 million in SolarCity bonds buying most of the one-year bonds that the latter offered.
SolarCity informed through its blog that Space X CFO Bret Johnson directly purchased the bonds online.
"Bret Johnsen bought the bonds online, directly from SolarCity. After reviewing the investment materials, it took less than 10 minutes to set up an account and order the bonds," SolarCity said.
"SpaceX purchased the bonds in the same manner, and on the same terms that SolarCity offers online to all U.S. investors, big or small, who can invest at least $1,000," it added.
Elon Musk is said to be the largest shareholder of California-based SolarCity which provides solar solutions to both residential and commercial clients across the country. Musk's Tesla Motors and SolarCity announced collaboration on electric batteries three years ago. Last year Musk spoke about building an advanced solar production facility in Buffalo, NY.
"We're thrilled - along with our solar customers - to be part of supporting SpaceX as it revolutionizes space travel. And we are just as thrilled to be helping individual investors across the country achieve their own goals," SolarCity said on Monday.
