X In talks to raise money with estimation of $ 44b – the same price Elon Musk paid to buy Twitter: Report

Elon Muskâ is said to be following a round of fundraising that would value the company at $ 44 billion – at the same price that the billionaire paid to get the site previously known as Twitter in October 2022.

Discussions with investors still should not end and the specifics of a possible round may change, Bloomberg reported, citing sources known to the issue.

The possible measure would mark the first time Musk has raised money for the X after he received the private company after the purchase, which collapsed as the rarest man in the world cleaned home in the company.

Recently in December, Fidelity Investments had marked its shares in X with 72% since the purchase.

X Representatives did not immediately return a comment request.

The controversial changes in X under Musk leadership, including the comprehensive rounds of the layers and the rules of modifying the released contents that turned off some users and promoted an exodus of advertisers.

Musk also wrapped a subscription service € € € € € € € € € € shall be € € € € € € € € € Ilit € fi om il ie ie ie ie € ie ë ie ie € ie € ie € includes account verification œBlue checkmark € and access to its onset of artificial intelligence xaiâ â â € œgrokâ chatbot.

X has a share of approximately $ 6 billion in XAI – which is currently looking to raise money with a $ 75 billion rating. The muscle firm competes directly with make up chatgpt.

In a sign that the Xâ assets were in attack, Banks led by Morgan Stanley sold a large portion of the debt associated with the purchase of Music last week left in their books since the sale.

Debt loading was seen as an indication that X revenues were stabilized.

Musk admitted in October 2022 that he was exceeding the excess “to buy the social media platform.

That billionaire briefly withdrew to give up the purchase, but ultimately followed after Twitter sued him to adhere to the agreement.

Possible estimation of $ 44 billion appears while Musk does not publicly fetch with Openai’s Sam Altman.

After Musk made an unwanted offer of $ 97.4 billion to buy Opennai last week, Altman responded sarcastically claiming that he would buy X for only $ 9.74 billion.

Musk had billed his Twitter as an “Accelerant” for his plans to turn X into an app.

The entire Muskâ portfolio has increased since the presidential election while investors bet that its closure with the Trump administration will benefit its business empire.

In addition to mastery of X, he runs Tesla and Spacex.

He has often appeared along the White House and unofficially runs the government efficiency department, which has a duty to reduce federal waste.

Overall, the net value of Music is currently suspending near $ 400 billion – from about $ 262 billion last November. 1, according to the Bloomberg Billionaire Index.