Elon Musk’s social network collected approximately one billion dollars of new stocks of investors, according to people who have knowledge of the issue – a deal that gives the company an evaluation in line with Musk in 2022.
Musk himself said to raise the shares, some people said, all of them asked not to know the discussion of private information. One person said the company is considering using some revenues to pay the remaining debt burden.
The deal is estimated by X ownership of approximately $ 32 billion. the twitter The acquisition included at least $ 12.5 billion of debt, which means that the latest donation collection has been completed by the same value of the $ 44 billion institution, such as the initial purchase of musk.
Darsana Capital Partners, whichPurchaseSome people said that some X debts earlier this year participated in the stock tour. Investment Company 1789 Capital, whichIt has supportedxi and SpacexI also invested, according to a person who has knowledge of the issue.
Representatives of X, Darsana and 1789 refused to comment.
Musk regularly turns into private markets to support many of his companies, including Spacex, which Complete the bid offer The startup rating at about 350 billion dollars, and Xai, which is He said to be Investors compensated for a new financing raising a rate of $ 75 billion.
At the same time that Musk companies possessReceived in private marketsShares of the auto industry company Timing The company has declined more than 40 % so far this year, partly due to its political emergenceSome consumers strainedOn his cars. The increasing competition is also a weight on stocks. Tuesday, Tesla5.3 % sankAfter the news that the Chinese auto industry company Byd Co. For an electric car, it can be charged at the speed of fuel.
After buying Musk Twitter and called it X, the company was subjected toTumorIt was characterized by deep discounts and the departure of advertisers. X advertising achieved great success after the acquisition shortly after many marketers fled the service, or stopped spending them, due to fears that their messages may appear alongside the inappropriate content.
Musk has since thenFight the marketers in courtTo try to return them. X sued several major brands to block advertising spending, claiming that its decision reaches the anti -competition behavior.
Some marketers began to return, although those familiar with the industry believe that a threat to take legal action from Musk may lead these decisions, but Bloomberg NewsI mentioned. The strong role of Musk within the Trump administration was also a worker for some marketers, who worried about being on the bad side of the billionaire.
X’s work has been recovered since President Donald Trump has been re -elected, though Sincerity investmentsX investor, named 68 % share in the company as of January. In addition to the return of some advertisers, the bankers recentlyThey sold the debts that they keep for yearsAfter the initial purchase of musk.
This story was originally shown on Fortune.com
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