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What X Plans to Do With the $1 Billion Equity Investment
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Subscribe25 MAR 2025 / FINANCE
Elon Musk's social media company, X, has raised nearly $1 billion in fresh equity funding, bringing its valuation back to $44 billion, the same value at which Musk took the company private in 2022. The funds will be used to target reducing the $12.5 billion debt left over from the 2022 deal, and in a surprise move, they will also support Musk's ambition for expanding into payments and video, transforming X into an all-purpose app.
If you thought the drama around Elon Musk’s X (you know, Twitter with a glow-up) was cooling off, think again. Just when financial experts were still arguing over whether the 2022 $44 billion buyout was worth the headache, Musk and crew have pulled o...
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