X plans to raise financing at a valuation of $44 bn

15:44 - 19.02.2025

February 19, Fineko/abc.az. Social network X, owned by American entrepreneur Elon Musk, intends to attract financing, under which the company's value will be estimated at $44 bn, ABC.AZ reports, referring to Bloomberg’s sources.

In 2022, Elon Musk bought social network X for $44 bn. The interlocutors of the publication clarified that negotiations on a new round of investment are ongoing, and the terms of the deal may change. They do not rule out that X will eventually refuse to raise additional funds.