Twitter’s parent company, X, is reportedly engaged in discussions with investors to raise funds at a valuation of $44 billion. This would match the acquisition price paid by Elon Musk when he purchased X (formerly Twitter) in 2022.
The potential investment comes amid challenges faced by X, including declining advertising revenue. Fidelity Investments recently devalued its Twitter stake by approximately 70% compared to the 2022 acquisition price.
According to Bloomberg News, the funding talks are ongoing, and specifics could alter. There’s a possibility that X may ultimately abandon these discussions.
This investment round would be the first for X since Musk’s privatization of the social media platform. Since Musk’s involvement in the Trump administration, the valuations of his other ventures have surged. The value of Tesla stock has increased by over 40% since Trump’s election. SpaceX has also experienced a 67% valuation increase since June, reaching $350 billion in December. Musk’s artificial intelligence startup, xAI, is also reportedly in discussions to raise $10 billion at a valuation of $75 billion.
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