home All News open_in_new Full Article

Elon Musk has been buying up X shares near his initial purchase price

Kingdom Holdings, along with its founder Prince Alwaleed bin Talal Al Saud, is among X’s largest minority shareholders



Elon Musk has been buying X shares near his initial purchase price, investing $150 million last year at a valuation close to the 2022 acquisition price. Kingdom Holding Co., a minority shareholder since 2011, confirmed Musk's willingness to buy more minority stakes at the same valuation, implying a total company valuation of around $29.2 billion. X's business has struggled under Musk, with advertisers fleeing and Fidelity Investments marking down its value significantly.

today 8 h. ago attach_file Economics

attach_file Other
attach_file Economics
attach_file Other
attach_file Other
attach_file Other
attach_file Other
attach_file Economics
attach_file Society
attach_file Culture
attach_file Economics
attach_file Events
attach_file Events
attach_file Other
attach_file Other
attach_file Other
attach_file Other
attach_file Other
attach_file Other
attach_file Economics
attach_file Culture


ID: 3147724030
Add Watch Country

arrow_drop_down