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Fidelity marks up value of its stake in Elon Musk's X
Fidelity just boosted the value of its stake in Elon Musk's xAI by 70%
Financial giant Fidelity bumped up the valuation of two Elon Musk-owned companies, social media platform X and AI startup xAI in October.
Fidelity boosts valuations of its stakes in Elon Musk’s X and xAI startup, report says
October saw a 32.37% jump in X's valuation, marking the biggest monthly increase since Fidelity helped Musk buy Twitter for $44 billion in 2022, Axios said.
Fidelity Ups Valuation of Elon Musk’s X and xAI Stakes
Fidelity has raised the estimated value of its stake in Elon Musk’s X (formerly Twitter) by 32.37% in October, according to an Axios report. Despite the boost, the social media platform is still valued at nearly 72% less than the $44 billion Musk paid to acquire it in 2022.
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1h
Elon Musk’s xAI Just Doubled Its Valuation to $50B—Who Are the Biggest Winners?
Several backers of Elon Musk’s $44 billion acquisition of X are now set to receive a windfall from their investments in xAI.
17h
Fidelity reportedly marked up its X stake by 32%
Fidelity marked up the value of its holdings in Elon Musk’s X (formerly Twitter) by 32.37% in October, according to a report ...
1d
Fidelity Raises Valuation Of Elon Musk's X, But It Remains 72% Below Buyout Price
Elon Musk took Twitter private for $44 billion. Fidelity raised the carrying valuation for the social media company in ...
1d
Wall Street Breakfast Podcast: Tavares Exits As Stellantis Sales Slump
Stellantis CEO Carlos Tavares resigns amid sales slump. Fidelity marks up value of its stake in Elon Musk's X by 32%: report.
1d
on MSN
Critics said Musk 'overpaid' for Twitter. Thanks to Trump and xAI, it could actually be a steal.
Some panned the billionaire for overspending on Twitter, but the platform is winning him favor with Donald Trump and ...
6d
on MSN
Musk investors who got hosed on Twitter takeover set to reap windfall as xAI value surges: report
Musk has given 25% of the shares in his startup xAI to investors who helped fund his $44 billion acquisition of the social ...
7d
Want To Invest In Elon Musk's Private Companies Like SpaceX And xAI? Here's How You Can Do It Via This Cathie-Wood ETF
Cathie Wood's ARK Venture Fund now provides investors indirect access to Elon Musk-led private companies, including SpaceX, X ...
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