Elon Musk's X, the social media company formerly known as Twitter, is in talks with investors to raise funds at a valuation of $44 billion — matching Elon Musk's 2022 acquisition price. The post Elon Musk’s X Seeks $44 Billion Valuation in Latest Funding Round appeared first on Breitbart.
Elon Musk’s X, formerly known as Twitter, is in discussions with investors to raise funds at a valuation of $44 billion, matching the price Musk paid when he acquired the company in 2022. This potential funding round would be the first since Musk took the company private. The valuation comes amid positive developments for Musk’s ventures, including Tesla’s rising share value, SpaceX’s high valuation, and his AI startup xAI seeking financing. X holds a significant stake in xAI. Fidelity had previously downvalued its X stake, but recent demand for X debt suggests investor confidence. Prominent investors, including Andreessen Horowitz and Sequoia Capital, supported Musk’s initial acquisition.
