Odaily News Elon Musk's social media company X is in talks with investors to raise money at a valuation of $44 billion, the same price Musk paid to buy the company in 2022, according to people familiar with the matter.
The funding round would be a major turnaround for the social media giant after Musk’s acquisitions and overhauls caused many users and advertisers to flee. Negotiations for the new Series X funding round are still ongoing and details could change, the people said.
The company may also abandon talks for financing, which would be the first known round of investment since Musk took the social media company private.