Elon Musk’s X is in talks with investors to raise fresh equity capital at the $44 billion valuation at which Musk bought the social media firm, then known as Twitter, in 2022, Bloomberg reports.
The Information: “If Musk succeeds, it would be an extraordinary turnaround given that X’s valuation has dropped sharply since the acquisition.”
“But it would be the latest sign that Musk’s closeness to President Trump is enhancing his status with investors.“
