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Elon Musk has been buying up X shares near his initial purchase price
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.
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Musk’s Starlink and Bharti Airtel sign deal to explore bringing satellite internet to India
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