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The loss sets the pace for Twitter's biggest drop in months, as trading begins again Monday and investors gear up for an inevitable legal battle between Musk and the social medial giant.
Elon Musk, 51, sent a letter to Twitter on Friday saying he was pulling out of the controversial deal he made in April to buy the platform for $54.20 per share, or $44 billion in total.
Officials stress the PPP loan program has helped 51 million workers keep their jobs. A Congressional report found the program has been plagued by fraud.
TPG is looking at a valuation of $9.5 billion in its US IPO.
Elon Musk, the world's richest person, has said that he will pay $11 billion in taxes this year, after being embroiled in a public debate with Democratic U.S. Senator Elizabeth Warren on social media