Elon Musk X’s social network raised nearly $ 1 billion of new capital from investors, according to people who know the issue – a deal that gives a company an assessment according to when Musk accepted it in 2022.
Musk himself participated in the capital increase, said that some people who asked not to determine, discussing private information. The company is considering using some revenue to pay the remaining debt, one of the people said.
The transaction estimates the capital X about $ 32 billion. A Youter The ransom included at least $ 12.5 billion, that is, the last fundraiser was completed at about the same cost of the enterprise for $ 44 billion, which is the initial purchase of Musk.
Darsana Capital Partners whichboughtSome X debt of X has participated in the actions earlier this year, some people said. Investment firm 1789 whichsupportedXai and Spacealso invested in accordance with a person with knowledge of this issue.
Representatives X, Darsana and 1789 refused to comment.
Musk regularly appeals to private markets to support multiple companies, including SPACEX, which filled a tender proposal estimates the startup of approximately 350 billion dollars, and the XAI, which is said that there is Investors’ collection of fresh financing when estimating $ 75 billion.
Meanwhile when there are Musk companiesobtained in private marketsshares of your automaker Tesla This year Inc. collapsed more than 40%, partly because its political fame hassour some consumersOn his cars. Increased competition also weighs the shares. Tuesday Teslasank 5.3%After the news that the Chinese automaker Bake Co. It introduced an electric car that could be charged as quickly as a gas vehicle.
After Musk bought Twitter and renamed it in X, the company was subjected toa stormy periodmarked by deep cuts and departures to the advertiser. The X advertising business has taken a blow shortly after the acquisition, as many marketers fled the service or stopped their expenses, concerning the concerns that their messages may look with inappropriate content.
Musk has ever sincestruggled with marketers in courttry to return them. X sues several major brands for maintaining advertising costs, claiming that their decision means anti-component behavior.
Some marketers have started to return, although the industry insiders believe that the threat of Musk may manage these decisions, Bloomberg News has Newsreport. The powerful role of Musk in the Trump administration was also a factor for some marketers who are worried about being on a bad billionaire.
However business X bounced since President Donald Trump has been re -elected Fidelity InvestmentInvestor X, 68% noted his share in the company by 68%. In addition to some advertisers returned recently bankersSold the X debt they have carried over the yearsAfter the initial purchase of Musk.
Originally this story was presented on Fortune.com
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2025-03-19 21:04:00
Bloomberg, Sonali Basak, Katie Roof, Sridhar Natarajan, Gillian Tan
