Musk's X is reportedly in financing negotiations, valued at 44 billion US dollars

According to informed sources, Elon Musk's social media company X is negotiating with investors to raise funds at a valuation of $44 billion, which is the same price Musk paid for the company in 2022.

This round of financing will be a major turning point for this social media giant after Musk's acquisition and reforms led many users and advertisers to flee.

The aforementioned people said that negotiations for the new round X financing are still ongoing, and details may change. Due to private information involved, these individuals requested anonymity. The company might also abandon the funding negotiations. This is the first known investment since Musk privatized this social media company.