Elon Musk’s X Bounces Back to $44 Billion Valuation

After facing a steep decline in value, Elon Musk’s social media platform X (formerly Twitter) has made a striking comeback. A new report reveals that the company’s valuation is once again sitting at $44 billion, signaling a major recovery for the platform.

According to the Financial Times, a secondary share sale earlier this month confirmed the valuation, which had been slashed by 72% at one point, as noted by Fidelity in December. Musk’s acquisition of Twitter in 2022 for $44 billion had initially led to a turbulent period marked by advertiser exits and financial uncertainty.

A key factor behind the rebound is the return of major advertisers, including tech giants Apple and Amazon, who had previously pulled back their spending. Their renewed investments have helped stabilize and grow the platform's revenue stream.

Musk has also focused heavily on financial restructuring, including a new funding round that could raise up to $2 billion to address company debt. Bloomberg reports that around $1 billion in new equity has already been raised, with investors such as Darsana Capital Partners contributing by purchasing both equity and debt in X.

Aside from financial maneuvering, innovation is at the heart of X’s revival. The platform has invested in xAI, Elon Musk’s artificial intelligence venture. Investors who supported Musk’s Twitter acquisition were reportedly offered a 25% stake in xAI, adding value and future potential to the X ecosystem.

In addition, X is preparing to launch X Money, a digital payment service that includes a wallet and peer-to-peer payment features. This move aligns with Musk’s vision to turn X into an “everything app” – a one-stop digital hub for communication, payments, media, and more. Notably, Visa has joined as a key partner in this financial push.

With these strategic changes, X is positioning itself not just as a revived social media platform, but as a transformative tech company ready to take on multiple sectors.