In late September of this year, news surfaced that Elon Musk had placed an offer to purchase Twitter and its subsidiaries. The offer was stated at roughly half of Twitter's valuation, but it was accepted.
While primarily an acquisition for the personal and private use by malevolent billionaire Elon Musk, Twitter will also be used as a launchpad for the SpaceX IPO, set for November 3rd of this year.
The NYSE has announced that the listing is to be removed on the same day.
All those who have invested in both companies are advised to withdraw their investments on November 2nd. Those who do not will forfeit their holdings in both companies due to the acquisition of Twitter by Tesla, Inc., a holding company owned by Mr. Musk. These shares will be bought out at standard rate on November 3rd. Make sure you sell your shares before Elon Musk gets his hands on them.
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