Story perspectives

X Valuation Hits $44 Billion Amid Advertising Revival

3/19/2025

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Summary

Story summary

Elon Musk's platform, X, has reached a valuation of $44 billion, aligning with his 2022 purchase price.
A recent secondary deal allowed investors to trade shares, despite earlier valuations dropping to $10 billion.
X reported $1.2 billion in adjusted earnings for 2024, though revenue has decreased since Musk's acquisition.
The return of major advertisers and Musk's connection to Donald Trump may affect investor confidence.
X is seeking $2 billion in new capital to manage its debt.

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Story summary

Elon Musk's platform, X, has reached a valuation of $44 billion, aligning with his 2022 purchase price.
A recent secondary deal allowed investors to trade shares, despite earlier valuations dropping to $10 billion.
X reported $1.2 billion in adjusted earnings for 2024, though revenue has decreased since Musk's acquisition.
The return of major advertisers and Musk's connection to Donald Trump may affect investor confidence.
X is seeking $2 billion in new capital to manage its debt.