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U.S. Steel Takeover: Will Elon Musk buy U.S. Steel?
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💡Summary: U.S. Steel is fending off buyers. The firm is a 122-year-old giant going for $7 Billion, and produces rare "Electrical Steel" f Show More
💡Summary:
U.S. Steel is fending off buyers. The firm is a 122-year-old giant going for $7 Billion, and produces rare "Electrical Steel" for EV Engines.
Elon Musk is obsessed with X, and wants to build an everything app called X.com.

A takeover of United States Steel ( $United States Steel (X.US)$ ) owner of the X stock ticker could create a new industry leader—and draw pushback from antitrust authorities and steel buyers. U.S. Steel is one of two companies working on electrical steel in the U.S. So far, the industry giant has shaken off competitor offers that have valued the 122-year-old giant at $7 billion. At the same time, in pursuit of an "everything app," like WeChat, Elon Musk rebranded Twitter to X earlier this year. Musk has owned X.com for years after he merged his "everything financial app" with PayPal in 1999. Some have speculated Musk would purchase U.S. Steel for branding and Tesla production.

🎙️Q:
1. Do you think Musk would buy U.S. Steel?
2. Will a manufacturing industry shakeup impact your investing strategy?

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