He started out disdainful but then he bought there and his upward path will take him further. Elon Musk is expected to rise to Twitter's board of directors after acquiring 9.2% of the social network, "Reuters" reveals.

It was Twitter's own CEO, Parag Agrawal, who made the announcement on the social network, where he welcomed the multi-millionaire. "I am excited to share that we are appointing Elon Musk to the board!", Agrawal wrote on his profile.

According to the CEO, who succeeds founder Jack Dorsey, talks and meetings with the Tesla founder have been going on for several weeks and even culminated in the purchase of nearly 10% of the company, or 73.5 million shares.

"Over the course of several conversations with Elon over the past few weeks, it became clear to us that he would bring excellent value to the board. He is an ardent supporter and intense critic of our service, which he shows is clearly what we need on Twitter and in our boardroom to make us stronger in the long run," reads the two tweets quoted by the Economic Journal.

The message is clear: the whole team, or at least the CEO, believe that Elon Musk will play a role that will allow them to understand the positives and negatives of the service, as well as to go further. "Welcome Elon!".

Now belonging to the board of directors, the owner of Tesla and SpaceX cannot purchase more than 14.9% of the company's shares, entering the risk of non-transparency. The more than 73 million shares are held by Musk through the Elon Musk Revocable Fund, of which he is the sole beneficiary.

Musk will hold a directorship on the board until 2024, at which point he can divest himself of the bonds.

In pre-market, the company that owns the social network is up 9.55% to $54.74, after closing the previous session with gains of over 27%. As of yesterday, the company founded by Dorsey was up 25% in pre-market.