Elon Musk Seeks to Restore X's $44 Billion Valuation Amid Shifting Fortunes
The platform, formerly Twitter, sees advertiser returns, debt restructuring, and ties to Musk's White House role as key factors in its potential turnaround.
- Elon Musk is reportedly in talks to raise funds valuing X, formerly Twitter, at $44 billion, the same price he paid for it in 2022, though the outcome remains uncertain.
- The return of major advertisers like Amazon and Apple, after initial boycotts due to hate speech concerns, signals improved confidence in the platform.
- X's financial recovery is partially tied to Musk's proximity to the Trump administration, where his government role has bolstered investor sentiment and his business interests.
- Debt investors recently purchased billions in X loans at 97 cents on the dollar, reflecting cautious optimism about the company's future despite high interest rates.
- Musk's vision for X as an 'everything app' progresses with a new Visa partnership enabling digital payments, though the platform still faces competition and lingering trust issues.
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