Elon Musk looks down at his smartphone.

Who will help Elon Musk pay for his billion-dollar Twitter takeover?

Tesla CEO Elon Musk has pledged to use more of his own money to fund his purchase of Twitter after letting a previously guaranteed loan expire.

When he first announced his $61.4 billion acquisition of Twitter, Mr. Musk had already secured $17.7 billion in fringe loans funded with Tesla stock.

This was considered a risky move by some, as it meant that Twitter and Tesla were closely linked, and the latter’s shares have taken quite a beating since the acquisition was announced.

However, new filings with the Securities and Exchange Commission (SEC) show that Mr. Musk no longer relies on that loan against his Tesla stock to make the purchase — instead opting to take on the burden of raise most of the money yourself.

Before we look more closely, it’s important to note that these numbers have all been converted from US dollars to Australian dollars, and that could account for some rounding errors and discrepancies.

How Much Does Elon Musk Pay Now?

In short, it’s no small amount, even for the world’s richest man (for context, Forbes estimates he’s worth $395 billion).

When he first announced the deal, he would bring in about $29.7 billion of his own money and sell about $12 billion of his Tesla stock in preparation.

He had also taken out two loans — one pegged to Tesla stock and another pegged to Twitter stock — meaning he had arranged a total of $65.7 billion to buy Twitter.

Here’s what that looked like initially.

But the amount he was willing to contribute has slowly risen, by phasing out that marginal loan.

Now, Mr. Musk has been saddled with the responsibility of funding $47.3 billion for the $61.4 billion deal — significantly increasing his skin in the game — but he already has a number of people on board to help him out.

Who else participates?

With the fringe loan out of the picture, Mr. Musk is now heavily invested financially, and it’s up to him to raise the remaining cash.

However, he has been lucky so far – he has managed to bring in 19 investors, contributing a total of about $10 billion to the deal.

It means that Mr. Musk now has to hand in about $37.2 billion.

This is what the financial pie looks like now.

But not all investors contribute equally to the acquisition budget.

Here’s a closer look at who they are and how much they’ve pledged.

It’s also likely that this list will grow — Mr. Musk said in the registration filings that he’s still looking around for other stock partners.

He is also in talks with current Twitter shareholders, including founder Jack Dorsey, for additional funding commitments to help fund the acquisition and reduce the $37.2 billion he would otherwise have to pay.

Does this mean the deal is closer?

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