Elon Musk's X Sees Valuation Surge Back to $44 Billion

Elon Musk's X Sees Valuation Surge Back to $44 Billion
Elon Musk's social media platform X has reportedly regained a valuation of $44 billion, as reported by the Financial Times. This comes after a previous estimation by Fidelity Investments, which pegged its worth below $10 billion last September. A separate Bloomberg report revealed that X raised nearly $1 billion from investors, valuing the company at approximately $32 billion. Despite revenue drops since Musk's acquisition, X reported adjusted earnings of $1.2 billion for 2024, matching pre-takeover figures. The contrasting valuations highlight significant financial recovery for the platform.