According to a Bloomberg report, Elon Musk intends to raise $ 44 billion with X. While this amount is equivalent to the price at which the entrepreneur bought the social network, to what would these liquidity serve?
Elon Musk wants to raise $ 44 billion for X
According to Bloomberg, Elon Musk is raising funds for its social network X,, up to $ 44 billion. If this amount is strangely familiar to you, it is not trivial, since it is the same as the amount paid by the entrepreneur to buy the company in 2022.
According to people close to the file that has remained anonymous, these liquidity would in particular serve to erase part of the debt of X. To get an idea of the importance of this one, several banks, including Morgan Stanley, Banque of America, Barclays , BNP Paribas and Société Générale, sold $ 13 billion in social network debts earlier this month.
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In addition to this consolidation of the accounts, the objective of a possible round of table would also be to develop a payment system for users directly via X, but also to focus on videos and the integration of artificial intelligence Grok.
Already before the acquisition of the social network by Elon Musk, Twitter was in difficulty And the crisis took another turning point when the entrepreneur dismissed a large part of the company's workforce and that many advertisers have left the platform.
Since then, the wind seems to turn, and the leader's support for Donald Trump could rekindle the confidence of investors. For example, Tesla has increased by more than 43 % on the stock market since November 6, despite a drop of 26 % since the highest historic on December 18.
👉 In the news also-Elon Musk could control the gold reserves of the United States, which have not been audited for 50 years
While all the entrepreneur's companies seem to be dedicated to success, the years will allow us to judge if X is experiencing a similar destiny.
As for this fundraising, we should be quickly fixed on its ins and outs.
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Source: Bloomberg
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Since 2021, I have devoted my free time to seriously train myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to carry out interviews with influential personalities from the blockchain industry. I also conduct in -depth analyzes on web3 themes to offer exclusive content to cryptoast readers.
Vincent Mayor
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