Musk’s X in talks to raise funding at $44b valuation

X, formerly Twitter, is in talks to raise new funding at a US$44 billion valuation, the same price Elon Musk paid in 2022.

This marks X’s first fundraising attempt since going private.

Discussions are ongoing and could be canceled, with no official details confirmed.

Musk’s AI firm xAI is also seeking investors, aiming for a US$75 billion valuation.

Recent X developments

Timeline
18-Feb-2025 💰 X hikes Premium+ price after xAI releases Grok 3 Premium+ subscription now $50/month in US Grok 3 features included for Premium+ users
18-Feb-2025 🤖 Xi Jinping’s meeting with tech leaders signals shift Xi Jinping meets tech leaders amid policy shift Beijing’s first move to support private sector growth
18-Feb-2025 📊 Xiaohongshu denies rumors of state-backed investors RedNote denies state investor listing rumors. Valuation hits $20B, aiming for $1B revenue by 2024.
18-Feb-2025 🤝 Xi Jinping meets Alibaba, Huawei, Xiaomi, BYD CEOs Xi Jinping meets top industry leaders on Feb 17 Focus on boosting confidence in China’s private sector
16-Feb-2025 🕌 Xi Jinping to meet tech leaders as DeepSeek advances tech Xi Jinping to meet top entrepreneurs on Feb. 17 Focus on tech advancements amid US trade challenges

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