Elon Musk’s X in Talks for Additional Funding at a $44 Billion Valuation: A High-Stakes Bet on the Future of Social Media

Elon Musk’s social media platform, X, is reportedly in discussions with investors to secure additional funding at a $44 billion valuation—the same price Musk paid when he took the company private in 2022 and rebranded it.

If successful, the fundraising effort would mark a significant turnaround for X and its early financial backers, which include prominent venture capital firms such as Andreessen Horowitz, Sequoia Capital, and the Qatari Investment Authority. However, sources indicate that negotiations are ongoing, and there is no certainty that a deal will be finalized. Details regarding the potential investment also remain subject to change.

The discussions come at a time when speculation is mounting over X’s anticipated launch of an in-app payment service. The platform has already secured money transmitter licenses in 41 U.S. states and established a dedicated payments account, “X Money,” which now teases a 2025 launch.

Musk’s acquisition of Twitter, completed in October 2022, led to a sharp decline in advertising revenue, fueling concerns about the long-term viability of the platform’s business model. Despite these challenges, Musk’s personal fortune has soared. Following Donald Trump’s reelection as U.S. president, the tech mogul’s net worth spiked by $20 billion, driven by the rising market value of his companies.

Among these, Tesla reached an all-time high of approximately $488 per share in December 2024, while Musk’s AI venture, xAI, was valued at $50 billion in November of the same year.

As of February 19, Musk remains the world’s wealthiest individual, with a net worth exceeding $398 billion—surpassing Mark Zuckerberg, the second-richest person, by more than $156 billion.

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