Elon Musk X's social network has increased nearly $ 1 billion from investors in new capital, according to people with knowledge of this matter – an agreement that provides the company in accordance with it when it was taken by Musk in 2022.
Musk himself participated in the increase in his own capital, that some people from whom were asked not to identify a discussion of private information. The company is considering the use of some revenues that pay off the remaining debt load, one of the people said.
Evaluation of equity x x approximately $ 32 billion. The Twitter Purchase included a debt of at least $ 12.5 billion, which means that the latest fundraising was completed at about the same value of $ 44 billion as the initial purchase of Muska.
Darsana Capital Partners whoBoughtSome of the X debts at the beginning of this year took part in their own round, some people said. Investment company 1789 capital thathas supportedxai and SpaceXHe also invested, according to a person with knowledge of this matter.
Representatives X, Darsan and 1789 refused to comment.
Musk regularly turns to private markets to support several of his companies, including SpaceX, which Completed the offer Valuation of startup worth about $ 350 billion and XAI, which is said Investors have received $ 75 billion in raising new funds.
At the same time, Musk's companies haveobtained on private marketsthe shares of his car manufacturer Tesla Inc. so far has fallen by more than 40% this year, partly because its political importance isSliced some consumerson his cars. Increased competition also weighs into stocks. Tuesday, Teslasank 5.3%The following reports that the Chinese car manufacturer Residence CO. It introduced an electric car that could be charged as quickly as the gas vehicle is supplemented.
After Musk bought Twitter and renamed it to X, the company underwent andstormy periodnoted by deep cuts and departures of advertisers. The X advertising business hit the acquisition shortly after the acquisition, as many traders fled from the service or suspend their expenses because of concern that their reports may appear along with inappropriate content.
Musk has had since thenFought for traders in courttry to bring them back. X sues several major brands to detain advertising expenses and claims that their decisions belong to competing behavior.
Some merchants have begun to return, although the initiates of industry believe that the threat of legal action from Musk may be the proceedings of these decisions, Bloomberg News hasreported. Musk's strong role in Trump's administration was also a factor for some traders who fear that they are on the wrong side of a billionaire.
However, since President Donald Trump was re -elected, however Loyalty investmentInvestor X, deducted his share in the company by 68% since January. In addition to some advertisers, they recently returnsold x debt that they held for yearsAfter the initial purchase of Muska.
This story was originally listed on Fortune.com
