Feb 19 (Reuters) - Elon Musk's X social media platform is in talks to raise money from investors at a $44 billion valuation, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Musk bought X, formerly Twitter, for the same price in 2022, but some investors including Fidelity Investments have sharply written down the value of their stake as the platform struggled to retain advertisers after the takeover.
X did not respond to a Reuters request for comment. The reported talks come as valuations of Musk's other companies soared after the victory of Donald Trump in the U.S. presidential race.
Tesla shares have surged more than 40% since Trump's victory, while SpaceX was valued at $350 billion in December. Musk's AI startup, xAI, is also in talks to raise $10 billion at a $75 billion valuation, up from $40 billion, according to reports.
Musk's close ties with Trump and return of some advertisers to X have lifted expectations of better finances at the platform. That has helped banks offload the debt they issued to support Musk's Twitter buyout, a source told Reuters earlier this month.
Banks, led by Morgan Stanley, sold another chunky portion of loans that formed the $13 billion debt supporting Musk's acquisition, as the deal found broad interest from large fund managers attracted by the prospect of improving revenue of X.
Talks for the new X financing round were still on and the details could change, the Bloomberg News report said, adding that this would be the first known investment round for the social media company since Musk took it private.
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Elon Musk did not appear before French prosecutors on Monday after being formally summoned for questioning in an investigation into the alleged misuse of his social media platform X.
Just one week after a similar move by Australia, Greece announced that it will ban access to social media for children under the age of 15 from January 1, 2027, as governments around the world weigh tougher rules amid growing concerns over mental health, safety and screen addiction.
Tech billionaire Elon Musk said the search at his social media platform X offices in Paris on Tuesday by French authorities was a "political attack".
Paris prosecutors have summoned X chairman Elon Musk and former chief executive Linda Yaccarino for questioning in April as part of their probe into the X social media network, they said on Tuesday.
Efforts to end the U.S.-Iran war appeared to stall as the two sides exchanged fire in and around the Strait of Hormuz. A reported CIA assessment suggested Tehran could withstand a U.S. naval blockade for months despite mounting sanctions and renewed Gulf attacks.
Russia is holding a significantly scaled-back Victory Day parade in Moscow on 9 May 2026, reflecting heightened security concerns and the ongoing war in Ukraine, now in its fourth year.
British paratroopers and military medics have been deployed to Tristan da Cunha after a suspected hantavirus case was confirmed, as first evacuation flights carrying passengers from the stricken MV Hondius cruise ship left Tenerife for Madrid and Paris.
Indonesian rescue teams have located two Singaporeans who went missing after Mount Dukono erupted on Friday (8 May) on the island of Halmahera, though authorities say it remains unclear whether they are alive.
The U.S. Defense Department has released dozens of previously classified files on unidentified anomalous phenomena (UAP) on Friday (8 May), following an order from President Donald Trump. U.S. officials described as a push for “unprecedented transparency”.
A robotics startup says it has built an AI “brain” that can teach humanoid robots new physical skills in days rather than months, as the race to deploy human-shaped machines in factories and warehouses accelerates.
Apple and Meta have publicly opposed a Canadian bill they say could force technology companies to weaken encryption on devices and online services if it becomes law.
European Union countries and European Parliament lawmakers have agreed on a softened version of the bloc’s landmark artificial intelligence rules, including delayed implementation, in a move critics say reflects growing concessions to major technology firms.
Almaty is hosting GITEX AI Kazakhstan 2026 two-day event, drawing global tech firms and investors as Central Asia gains attention as a fast developing digital market. President Kassym-Jomart Tokayev visited the GITEX AI Central Asia & Caucasus exhibition in Almaty on 4 May.
A humanoid robot called Sophia took an unusual place at the heart of a classical concert in Hong Kong on Wednesday (29 April), as she performed alongside a live orchestra for the first time.
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