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FRIDAY, JULY 11, 2025
Musk's X in talks to raise money at a $44 billion valuation: Bloomberg News

USA

Reuters
19 February, 2025, 01:40 pm
Last modified: 19 February, 2025, 01:43 pm

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Musk's X in talks to raise money at a $44 billion valuation: Bloomberg News

Talks for the new financing round are still ongoing and the details could change, the report said, adding that the company could also abandon the talks

Reuters
19 February, 2025, 01:40 pm
Last modified: 19 February, 2025, 01:43 pm
A 3D-printed miniature model of Elon Musk and the X logo are seen in this illustration taken January 23, 2025. Photo: REUTERS/Dado Ruvic/Illustration/File Photo/File Photo
A 3D-printed miniature model of Elon Musk and the X logo are seen in this illustration taken January 23, 2025. Photo: REUTERS/Dado Ruvic/Illustration/File Photo/File Photo

Elon Musk's social media company X is in talks to raise money from investors at a $44 billion valuation, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Musk bought X, formerly known as Twitter, for the same price in 2022.

Talks for the new financing round are still ongoing and the details could change, the report said, adding that the company could also abandon the talks.

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X did not immediately respond to Reuters' request for comment.

Last month, Reuters reported that Morgan Stanley, Bank of America and Barclays were getting ready to sell up to $3 billion of debt holdings in X.

Top News / World+Biz

X (twitter)

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