Elon Musk’s social media platform, X, has raised close to $1 billion in new funding, maintaining its valuation at $32 billion, which is the same as when Musk took it private in 2022. Musk personally invested in the funding round, and part of the funds may be used to reduce the platform’s remaining debt. Darsana Capital Partners, a company that had previously purchased X’s debt, also participated in this funding round.
Source: Bloomberg
Be First to Comment