Elon Musk is conducting negotiations with new investors on the valuation of $ 44 billion for the social media platform X (formerly called twitter). Musk bought the platform in 2022 for the same price.
In December 2024, Fidelity Investments said that the value of the platform decreased significantly, decreasing the value of its shares in X by approximately 70 percent. However, in the current negotiations, the company’s valuation is kept at the same level as the purchase price.
It is stated that the negotiations are still continuing and the details may change. For the first time since Musk withdraws the platform from the stock market, the company is on an investment tour.
Other companies of Elon Musk also attract attention with their recent value increases. Tesla’s shares increased by more than 40 percent due to policies under US President Donald Trump. SpaceX’s value reached $ 350 billion in December, increased by 67 percent compared to June.
In addition, Musk’s artificial intelligence initiative XAI is conducting negotiations to collect $ 10 billion with a valuation of $ 75 billion. The X platform has a share of about 10 percent in XAI.
Although the current valuation of the X platform is at the same level as Musk’s purchasing price, this may indicate that there is an improvement in the financial performance of the platform, given the previous value decreases of investors such as Fidelity.
X has undergone a significant change in Elon Musk administration
The platform has undergone significant changes in the leadership of Musk. Labor forces and changes in content control policies have led to some users and advertisers to move away from the platform. However, the vision of making Musk’s platform a “implementation of everything” continues to attract the attention of investors.
The search for new investors with a valuation of 44 billion dollars of the X platform reflects the confidence of the company’s future growth potential. The value of Musk’s other initiatives gaining value can increase the interest of investors to the X platform. However, it should be noted that the long -term success of the platform depends on the ability to expand the user base and increase advertising revenues.