X Valuation Rebounds: Elon Musk's Platform Hits $44B

X’s Valuation Reaches $44 Billion, Signaling Financial Recovery

A recent report published by the Financial Times indicates that the valuation of the social media platform X has rebounded to $44 billion.

This figure mirrors the price paid by Elon Musk when he acquired the platform in 2022; at that time, it was still operating under the name Twitter, and the transaction was valued at $44 billion.

Conflicting Valuation Reports and Investor Confidence

Conversely, Bloomberg reports that X has secured approximately $1 billion in funding from investors, establishing a company valuation of roughly $32 billion.

Elon Musk himself contributed to this equity raise, as detailed in the Bloomberg report.

Despite these differing assessments, it is clear that X has experienced a significant financial turnaround.

Last September, Fidelity Investments estimated the platform’s valuation to be under $10 billion, highlighting the extent of the recent improvement.

Revenue Stabilization and Adjusted Earnings

While X’s revenue initially declined following Elon Musk’s acquisition, the platform has demonstrated resilience.

The Financial Times reports that X generated $1.2 billion in adjusted earnings (EBITDA) for 2024.

This level of earnings is comparable to the figures recorded prior to Musk’s takeover.

• Key Takeaway: X has shown a marked recovery in its financial standing.
• Valuation Range: Current estimates place the company’s value between $32 billion and $44 billion.
• Revenue Performance: Adjusted earnings have stabilized at pre-acquisition levels.