Follow the Money: Elon Musk's X and Owes

This Bedtime Stories edition reveals the money troubles of the world's richest man, who's lately on a crusade against the world's most prominent Jewish organization. And: Hunter Biden faces indictment

Good evening after another crazy busy super-hot day, Wednesday, Aug. 6, 2023. And with another scorcher on the way tomorrow, I’m going to keep this one brief so we can all get to bed!

On This Day:

1522: One of Ferdinand Magellan’s five ships, which sailed from Spain in 1519, returns, the first voyage to circumnavigate the Earth. He wasn’t so lucky.

1781: Traitor Benedict Arnold orders the torching of New London, Conn.

1915: The very first tank is produced in England. The name comes from the labels on the crates they were shipped in; To keep the armored vehicles a secret, soldiers were told the crates were being used to ship water to the troops, hence “tanks,” and the name stuck!

1972: More murders at the Munich Olympic Games

1995: Cal Ripken breaks Lou Gehrig’s record for most consecutive games played in Major League Baseball. The legendary and beloved former shortstop for the Baltimore Orioles still holds the record of 2,632, set in 1998.

Here Now A Little News Before Bedtime

X LOST 90% OF ITS VALUE ACCORDING TO ELON MUSK’S OWN MATH: The social media platform once known as Twitter, purchased by Musk for $44 billion last year, is now worth only $4 billion. —Fortune

• MUSK SECRETLY ARRANGED TO BORROW $1 BILLION FROM SPACEX TO BUY TWITTER: The Wall Street Journal

• WHO ELSE DOES ELON OWE? Last year, CNBC reported Musk had a net worth of about $250 billion and would be financing the purchase of Twitter “out of his own pocket,” which would make him the “most indebted CEO in America.” You ain’t kiddin’! According to a December article in the Washington Post, Musk borrowed from Prince Alwaleed bin Talal al Saud ($2 billion), The Qatar Investment Authority ($375 million), Binance ($500 million), Andreessen Horowitz ($400 million), Sequoia Capital ($800 million), Larry Ellison ($1 billion), Twitter founder Jack Dorsey ($1 billion), and additional financing to the tune of $13 billion from Bank of America, Morgan Stanley and Barclays banks.

• ELON MUSK’S ANTI-ADL CAMPAIGN WINS SUPPORT FROM LEADING ANTI-SEMITE: Media Matters

SPECIAL COUNSEL REVEALS LOOMING INDICTMENT FOR HUNTER BIDEN ON GUN CHARGE THIS MONTH: CNN

HURRICANE LEE EXPECTED TO POSE DANGEROUS THREAT BY WEEKEND: Sun-Sentinel

JUDGE RULES FORMER PRESIDENT DONALD TRUMP DEFAMED E. JEAN CARROLL A SECOND TIME: A jury will determine how much he’ll have to pay. —Politico

• TWO OF TRUMP’S CO-DEFENDANTS IN GEORGIA WILL BE TRIED SEPARATELY FROM HIM, BUT TOGETHER, NEXT MONTH: The New York Times

• CONTEMPT OF CONGRESS TRIAL OF FORMER TRUMP ADVISER BEGINS: CNN

JUDGE ORDERS TEXAS TO REMOVE FLOATING RAZOR BUOYS — PLACED TO DETER MIGRANTS — FROM RIO GRANDE: NBC News

MEXICO SUPREME COURT DECRIMINALIZES ABORTION: The Guardian

FEDERAL JUDGE IN GEORGIA ALLOWS BAN ON TRANSGENDER HEALTHCARE FOR MINORS TO GO INTO EFFECT: NYT

Star Trek Corner

LOWER DECKS SEASON FOUR SNEAK PEEK: The new season streams on Paramount+ tomorrow! Entertainment Weekly via TrekMovie

JOIN THE STARS FROM STAR TREK: STRANGE NEW WORLDS, STAR TREK: DISCOVERY, STAR TREK: PICARD AND STAR TREK: ENTERPRISE THIS FRIDAY IN STAR TREK DAY PICKETS IN LOS ANGELES AND NEW YORK CITY: TrekMovie and the All Access Star Trek TrekMovie Podcast

• HOW TO VIEW EVERY SEASON OF EVERY STAR TREK SERIES: Click here to subscribe to Paramount+

That’s all for tonight! I’ll be back tomorrow with more stories to help you rise up and start your day. Until then… Good night and good luck.

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