Tesla and SpaceX CEO Elon Musk has been going back and forth with a $44 billion plan to buy the Twitter app since April, according to InsideEVs.
Though what this brings for Twitter and Musk’s Super App plans is not yet made clear, according to his predictions, “the acquisition could fast-track the path to the combined platform.”
The CEO stated he is looking into creating “X,” “everything app,” with the recently brought back Twitter purchase, as reported by Barron’s. The ‘super app’ Musk referred to in the past could still be out for years, but it must be a crucial investment since he’s taking his time to go through the deal amid serving Tesla and SpaceX simultaneously.
Musk likened the idea of an all-encompassing application to China’s WeChat. He suggested that it could be the next big thing in the United States alongside many already in the tech industry.
The app is specifically expected to mix elements of messaging, payment systems, social media, and maybe more.
“Buying Twitter is an accelerant to creating X, the everything app,” Elon Musk tweeted on October 5.
The news follows after the delay of an upcoming trial Musk was supposed to have with Twitter due to his choice to purchase the social media company at the agreed-upon cost of $44 billion or $54.20 per share.
The trial set to begin this month was scheduled after Twitter sued the CEO to press him into buying the company after expressing plans of backing out. As a response, Musk countersued the company to send the case to trial.
Now, the Tesla and SpaceX CEO has until October 28 to officially close the deal with Twitter, or the two parties will have to proceed with the trial again. Additionally, Musk mentioned concerns and lack of transparency regarding spam account data on the social media platform.
However, he seems focused on the first US‘ X app’ delivery using the platform.
After another Twitter user expressed that building X from scratch would be easier than buying Twitter, Musk answered that Twitter could help accelerate the path of the X app.
