Financial Moves and Market Reactions
's X is in discussions to raise funds at a $44 billion valuation, the same amount Musk paid for the platform in 2022, signaling a potential rebound for the company after a period of devaluation.
The company's financial recovery efforts include selling a significant portion of debt tied to Musk's acquisition and attracting advertisers like back to the platform, signaling stabilizing revenue.
Strategic Adjustments and Political Ties
Under Musk's leadership, X has undergone controversial changes, including layoffs and content moderation policy shifts, while also developing new services like a premium subscription and an AI chatbot.
Musk's close ties to and his role in the have been credited with boosting X's prospects, alongside the success of Musk's other ventures, Tesla and .