Elon Musk secures over $7 billion in funding from investors including Larry Ellison

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Larry Ellison, co-founder and chairman of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on October 3, 2017.
David Paul Morris | Bloomberg | Getty Images

Oracle co-founder Larry Ellison’s trust will invest $1 billion to fund Elon Musk’s $44 billion purchase of social-media platform Twitter.

Musk revealed in a filing on Thursday he had received equity commitment letters from investors including Sequoia Capital, Brookfield and others for financing of $7.14 billion.

This story is developing. Please check back for updates.

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