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Dubai News Club > Tech > X is officially worth less than half of what Elon Musk paid for it
Tech

X is officially worth less than half of what Elon Musk paid for it

Press Room
Last updated: 2023/10/30
Press Room
Published: October 30, 2023
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Everyone knew that Twitter wasn’t worth $44 billion when Elon Musk bought it a year ago. Now, we know what Musk himself thinks the company is worth today: $19 billion.

On Monday, employees at X were awarded equity in the company at a valuation of $19 billion, or $45 per share, according to internal documents seen by The Verge. That price is a 55 percent discount to Musk’s original purchase price, per the documents. They note that “the fair market value per share is determined by the…

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