Elon Musk re-ups offer to buy Twitter for $44 billion: reports

Elon Musk discusses SpaceX's latest plans to launch its new Starship rocket in 2022 during a project update at the company's Starbase facility in South Texas on Feb. 10, 2022.
Elon Musk discusses SpaceX's plans for its new Starship rocket during a project update at the company's Starbase facility in South Texas on Feb. 10, 2022. (Image credit: SpaceX)

Elon Musk's purchase of Twitter may be back on again.

The SpaceX and Tesla chief has proposed buying the social media company for $44 billion, honoring an offer that was first announced in April, Bloomberg and The Washington Post reported today (Oct. 4).

"Twitter is considering whether to accept the proposal, and will not act for at least another day," the Post reported, citing an unnamed person familiar with the negotiations. "Because there is great distrust on both sides, Twitter leaders are questioning whether the letter represents a legal maneuvering, this person said."

Related: 8 ways SpaceX has transformed spaceflight

Shortly after announcing the planned purchase, Elon Musk said he would go through with it only if Twitter could demonstrate that fewer than 5% of its users are bots — fake or spam accounts. 

That didn't happen, at least not to Musk's satisfaction, and the billionaire entrepreneur filed paperwork pulling out of the deal in July. Twitter then sued Musk, seeking to hold him to it.

The case is scheduled to go to trial in the Delaware Court of Chancery on Oct. 17, as The Washington Post noted. 

"This is a clear sign that Musk recognized heading into Delaware Court that the chances of winning versus Twitter board was highly unlikely," Dan Ives, an analyst with Wedbush Securities, a Los Angeles-based investment firm, wrote in a Tuesday note cited by The Washington Post. "This $44 billion deal was going to be completed one way or another."

This isn't the only news concerning Twitter and Musk today. On Monday (Oct. 3), Musk tweeted out a proposal to help bring Russia's invasion of Ukraine to an end, which he asked his followers to vote on. 

The billionaire's idea includes allowing Russia to hold on to Crimea, which the nation annexed from Ukraine in 2014, and holding elections supervised by the United Nations in regions that Russia annexed during its current invasion, which began in February. "Russia leaves if that is will of the people," Musk wrote.

The proposal has rubbed a lot of people the wrong way. One of them is chess grandmaster Garry Kasparov, a frequent critic of Russian President Vladimir Putin who was born in what was then the Soviet Union but has lived in New York City since 2013.

"This is moral idiocy, repetition of Kremlin propaganda, a betrayal of Ukrainian courage & sacrifice, and puts a few minutes browsing Crimea on Wikipedia over the current horrific reality of Putin's bloody war," Kasparov tweeted on Monday.

Mike Wall is the author of "Out There" (Grand Central Publishing, 2018; illustrated by Karl Tate), a book about the search for alien life. Follow him on Twitter @michaeldwall. Follow us on Twitter @Spacedotcom or on Facebook.  

Join our Space Forums to keep talking space on the latest missions, night sky and more! And if you have a news tip, correction or comment, let us know at: community@space.com.

Mike Wall
Senior Space Writer

Michael Wall is a Senior Space Writer with Space.com and joined the team in 2010. He primarily covers exoplanets, spaceflight and military space, but has been known to dabble in the space art beat. His book about the search for alien life, "Out There," was published on Nov. 13, 2018. Before becoming a science writer, Michael worked as a herpetologist and wildlife biologist. He has a Ph.D. in evolutionary biology from the University of Sydney, Australia, a bachelor's degree from the University of Arizona, and a graduate certificate in science writing from the University of California, Santa Cruz. To find out what his latest project is, you can follow Michael on Twitter.