'You're welcome to roll', texted Elon Musk to SBF about his proposed $100M Investment in Twitter by@legalpdf
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'You're welcome to roll', texted Elon Musk to SBF about his proposed $100M Investment in Twitter

by Legal PDFNovember 23rd, 2022
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Twitter v. Elon Musk Court Filing by Potter Anderson & Corroon LLP, July 12, 2022 is part of HackerNoon’s Legal PDF Series. This is assorted conversations between Sam Bankman-Fried and Elon Musk, drawn from Exhibit H, Exhibit J and Independent Report from Semafor. All conversations are formatted for readability.

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Twitter v. Elon Musk Court Filing by Potter Anderson & Corroon LLP, July 12, 2022 is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This is Assorted Chat between Sam Bankman-Fried and Elon Musk, drawn from Exhibit H, Exhibit J and Independent Report from Semafor.

Feature Image: HackerNoon’s Stable Diffusion AI, Prompt “Elon Musk and Sam Bankman-Fried”

2022-03-29 to 2022-04-01: Elon Musk <> Will MacAskill*

Will MacAskill: Hey - I saw your poll on twitter about Twitter and free speech. I'm not sure if this is what's on your mind, but my collaborator Sam Bankman-Fried has for a while been potentially interested in purchasing it and then making it better for the world. If you want to talk with him about a possible joint effort in that direction, his number is redacted and he's on Signal.

Musk: Does he have huge amounts of money?

Will: Depends on how you define "huge"! He's worth $24B, and his early employees (with shared values) bump that to $30B. I asked about how much he could in principle contribute and he said: "~$1-3b would be easy-$3-8b I could do ~$8-15b is maybe possible but would require financing"

Will: If you were interested to discuss the idea I asked and he said he'd be down to meet you in Austin

Will: He's based in the Bahamas normally. And I might visit Austin next week, if you'd be around?

Will: Would you like me to intro you two via text?

Elon: You vouch for him?

Will: Very much so! Very dedicated to making the long-term future of humanity go well

Elon: Ok then sure

Will: Great! Will use Signal

Will: (Signal doesn't work; used iMessage instead)

Elon: Ok

Will: And in case you want to get a feel for Sam, here's the Apr 1st tweet from his foundation, the Future Fund, which I'm advising on -I thought you might like it:

Will: And here's the actual (more informative) launch tweet· moving $100M-$1B this year to improve the future of humanity:

2022-03-29 to 2022-04-14: Elon Musk, Will MacAskil, Sam Bankman-Fried

Will: Hey, here's introducing you both, Sam and Elon. You both have interests in games, making the very long-run future go well, and buying Twitter. So I think you'd have a good conversation!

SBF: Great to meet you Elon-happy to chat about Twitter (or other things) whenever!

Elon: Hi!

Elon: Maybe we can talk later today? I'm in Germany.

SBF: I'm on EST-could talk sometime between 7pm and 10pm Germany time today?

SBF: Btw Elon-would love to talk about Twitter Also a post on how blockchain+Twitter could work:

2022-04-12: Elon Musk <> Michael Kives**

Michael Kives: Have any time to see Philippe Laffont in Vancouver tomorrow?

Elon: Maybe

Michael: Any particular time of best?

Michael: any time best?

Elon: What exactly does he want?

Michael: Has some ideas on Twitter Owns a billion of Tesla Did last 2 or 3 SpaceX rounds And-wants to get into Boring in the future (I told him to help with recruiting) You could honestly do like 20 mins in your hotel He's super smart, good guy

Elon: Ok, he can come by tonight. Room 1001 at Shangri-La.

Michael: Need to find you a great assistant! I'm headed to bed I'll tell Philippe to email you when he lands tonight in case you're still up and want to meet

Michael: Could be cool to do this with Sam Bankman-Fried

Elon: Twitter is obviously not going to be turned into some right wing nuthouse. Aiming to be as broadly inclusive as possible. Do the right thing for vast majority of Americans.

Michael: ["liked" above]

2022-04-20 to 2022-04-22: Elon Musk <> Jared Birchall(***)

Elon: Larry Ellison is interested in being part of the Twitter take-private

Jared Birchall: ["liked above]

Jared: He [SBF] seems to point to a similar blockchain based idea. Also, we now have the right software engineer for you to speak with about the blockchain idea. Do you want an intro? Or just contact info?

Elon: Who is this person and who recommended them?

Elon: The engineer

Elon: I mean

Elon: The idea of blockchain free speech has been around for a long time. The questions are really about how to implement it.

Jared: former spacex'r, current CTO at Matter Labs, a blockchain company. TBC is on the verge of hiring him.


Elon: Ok

Jared: best to intro you via email?

Elon: Yeah

Jared: Investor calls are currently scheduled from 1pm to 3pm. They'd like to do a brief check in beforehand.

Elon: Ok

Elon: Whatever time works

Jared: ["liked" above]

Jared: I'll be dialing in to the calls as well. Let me know if you prefer that I'm there in person at the house or if remote is better.

Elon: Remote is fine

2022-03-29 to 2022-04-14: Elon Musk, Jared Birchall, Sam Bankman-Fried

Jared Birchall: Elon -connecting you with SBF.

SBF: Hey!

2022-04-25: Michael Grimes <> Elon Musk

Michael Grimes Do you have 5 minutes to connect on possible meeting tomorrow I believe you will want to take?

Elon: Will call in about half an hour

Michael: Sam Bankman Fried is why I'm calling

Elon: ??

Elon: I'm backlogged with a mountain of critical work matters. ls this urgent?

Michael: Wants 1-Sb. Serious about partner w/you. Same security you own

Michael: Not urgent unless you want him to fly tomorrow. He has a window tomorrow then he's wed-Friday booked

Michael: Could do $5bn if everything vision lock. Would do the engineering for social media blockchain integration. Founded FTX crypto exchange. Believes in your mission. Major Democratic donor. So thought it was potentially worth an hour tomorrow a la the Orlando meeting and he said he could shake hands on 5 if you like him and I think you will. Can talk when you have more time not urgent but if tomorrow works it could get us $5bn equity in an hour

Elon: Blockchain twitter isn't possible, as the bandwidth and latency requirements cannot be supported by a peer to peer network, unless those "peers" are absolutely gigantic, thus defeating the purpose of a decentralized network.

Elon: ["disliked" "Could do $5bn ..."]

Elon: So long as I don't have to have a laborious blockchain debate

Elon: Strange that Orlando declined

Elon: Please let him know that I would like to talk and understand why he declined

Elon: Does Sam actually have $3B liquid?

Michael: I think Sam has it yes. He actually said up to 10 at one point but in writing he said up to 5. He's into you. And he specifically said the blockchain piece is only if you liked it and not gonna push it. Orlando referred Sams interest to us and will be texting you to speak to say why he (Orlando) declined. We agree orlando needs to call you and explain given everything he said to us and you. Will make that happen We can push Sam to next week but I do believe you will like him. Ultra Genius and doer builder like your formula. Built FTX from scratch after MIT physics. Second to Bloomberg in donations to Biden campaign.

2022-05-05: Elon Musk <> Sam Bankman-Fried

SBF: Hey!

  1. really excited about what you’ll do with TWTR
  2. unfortunately super conservative about PR right now - house hearing I’ll be testifying in next week that was just announced + pending CFTC application
  3. so going to pass on investing more for now - though I do have a bit over $100m of TWTR that I’d love to roll if possible!
  4. definitely interested if future opportunities but totally understand if there aren’t

Elon: Sorry, who is sending this message?

SBF: Ah sorry - Sam Bankman-Fried

Elon: You’re welcome to roll

(*) Will MacAskill is a Moral philosopher at Oxford whose research focuses on Effective Altruism

(**) Michael Kives worked in Hollywood and is now a VC. He invested in SpaceX

(**) Jared Birchall is one of Elon Musk’s top advisors