Musk’s X in Talks for New Funding at $44 Billion Valuation

Elon Musk’s social media company, X—formerly known as Twitter—is in discussions to raise fresh capital at a $44 billion valuation, reports Bloomberg. This valuation matches the price Musk paid when he acquired the platform in 2022.

If successful, this would mark the first known investment round since Musk took the company private. The move signals a potential shift in the company’s trajectory after a turbulent period that saw significant changes, user departures, and advertiser withdrawals following Musk’s overhaul of the platform.

The funding discussions are still ongoing, and the terms of the deal could evolve. There is also a possibility that the company may abandon the financing talks altogether.

Developing story, stay tuned for the updates.