Elon Musk‘s social media company X is in talks to raise $44 billion from investors in valuation, a Bloomberg report said on Wednesday citing sources who were familiar with the matter. Musk had acquired Twitter at the same valuation in 2022.
The report suggested that the details could change as talks for a fresh financing round are on. There are chances that the company may altogether put a stop to these talks.
ALSO READ
The report comes after Musk’s company xAI held talks to raise $10 billion, that put the start-up’s potential valuations at around $75 billion.
A Reuters report had in January said that Bank of America, Morgan Stanley and Barclays were going to sell up to $3 billion of debt holdings in X.
(More details on the matter are awaited.)
Read Next
