According to a report by Bloomberg News on Wednesday, Elon Musk’s social media platform X is in discussions to secure funding from investors, valuing the company at $44 billion.
Musk acquired X, previously known as Twitter, for the same amount in 2022.
The negotiations for this new round of financing are still in progress, and the specifics may change, with the possibility that the company could decide to halt the discussions altogether.
X has not yet responded to a request for comment from Reuters.
Additionally, last month, Reuters reported that Morgan Stanley, Bank of America, and Barclays were preparing to sell up to $3 billion in debt holdings related to X.
