Elon Musk's acquisition of X, previously Twitter, for $44 billion is nearing a potential fundraising round that could restore this valuation. Reports indicate that talks are ongoing, marking the first significant investment post-acquisition. Notably, the valuation comes despite prior markdowns from investors like Fidelity. Key to this valuation is X's substantial stake in Musk's xAI, which is itself culminating in a promising funding round aimed at a $75 billion valuation, indicating that Musk's strategy may still yield returns.
As Musk's X nears a fundraising round, the potential valuation of $44 billion suggests a resurgence, countering earlier skepticism regarding his investment. The involvement of xAI plays a pivotal role in this calculus.
Bloomberg's report sheds light on X's first investment round since Musk's acquisition, with plans to uplift the company's valuation significantly despite previous markdowns.
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