>>104767204>X is once again worth $44 billion, a valuation that comes with Musk sharing improving financials for the company and advertisers like Apple and Amazon.com returning to spending on the platform. https://finance.yahoo.com/news/elon-musk-paid-high-price-114537561.htmlWhile X's revenue has dropped since Musk took the company private, a recent report showed an improvement in recent months to revenue and showed that adjusted EBITDA was also improving.
One of the items helping X's valuation is likely the company's stake in artificial intelligence start-up xAI. Musk offered a 25% stake in xAI to investors who helped back the original Twitter purchase.
X is also nearing the launch of X Money, the company's push into digital wallets and peer-to-peer payments as part of Musk's plan to have the company part of an "everything app." Visa Inc (NYSE:V) was named as the company's first partner for X Money back in January.
large banks that helped finance the Twitter buyout have been stuck holding their debt in the company longer than they typically do on large buyout deals like Musk's. A quick declining value led to bankers seeing lower valuation for their debt and reasons to hold on until things improved.
Lenders sold off their debt recently with values of 90 to 95 cents on the dollar and in some cases at original value, which comes on top of interest payments the banks have already received.
March 21, 2025
