Musk’s X regains $44B valuation after equity raise, Bloomberg reports

The valuation of Elon Musk’s social network X is back in line with its 2022 levels when Musk took it private, as a recent equity raise that Musk participated in, along with Darsana Capital and1789 Capital, has raised close to $1B inequity, reports Bloomberg, citing people with knowledge of the matter. “The deal values X’s equity at roughly $32B,” meaning the latest equity raise gives X the $44B valuation that it had when Musk bought it, notes Bloomberg’s Sonali Basak, Katie Roof, Sridhar Natarajan, and Gillian Tan. Other companies in the social media space include: Meta Platforms (META), Snap (SNAP) Alphabet (GOOG) (GOOG;GOOGL), Reddit (RDDT) and Pinterest (PINS).