The post Elon Musk’s X Eyes $44 Billion Funding Round appeared first on Coinpedia Fintech News
Elon Musk’s social media platform X is reportedly in discussions to raise new investment at a $44 billion valuation. If successful, this would mark a major milestone for the company after its turbulent transition from Twitter to X, which saw significant advertiser and user departures.
A Potential Comeback?
Musk originally acquired X for the same valuation in 2022, but the platform has faced financial hurdles ever since. Now, with talks of fresh capital underway, X seems to be positioning itself for a rebound. However, sources suggest the discussions are still ongoing, and there’s a chance the financing may not go through. The matter is still in discussion and more updates will come soon.
Investor Interest and Market Moves
According to the reports, this would be the first external funding round since Musk took the company private, signaling renewed investor interest in the platform. Meanwhile, major banks—including Morgan Stanley, Bank of America, and Barclays—are reportedly preparing to offload up to $3 billion in X-related debt, adding another layer of financial intrigue to the company’s evolving strategy.
While X has not publicly commented on these developments, the move suggests Musk is still betting big on the platform’s future. Whether this funding round secures the needed investment or falls through remains to be seen, but all eyes are on how Musk’s ambitious vision for X unfolds.
Is X Financially Stable?
Elon Musk’s X is struggling financially, with Musk admitting in an email last month that revenue is low, user growth is slow, and the company is barely breaking even. Advertisers have pulled back, and competition from platforms like Bluesky and Threads is growing.
At the same time, banks like Bank of America, Barclays, and Morgan Stanley are selling parts of the $13 billion debt from Musk’s takeover. With over $1 billion in annual interest payments, X is under pressure. Musk had predicted the company would soon be profitable, but that hasn’t happened yet. To improve its situation, X has introduced new features like job listings, a video section, and GrokAI. Whether these changes will help remains uncertain.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
