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Elon Musk's X Raises Almost $1 Billion in New Equity Funding

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Elon Musk's social network X has raised close to $1 billion in new equity from investors in a deal that values the company at roughly $32 billion, according to people with knowledge of the matter — a valuation in line with when Musk took it private in 2022.
Elon Musk's social media platform, X, has successfully raised nearly $1 billion in fresh equity funding, as reported by Bloomberg on March 19, 2025. The funding round saw participation from a mix of existing and new investors, signaling strong confidence in X's future growth and strategic direction. This capital injection is aimed at bolstering X's competitive edge in the social media landscape, enhancing its technological infrastructure, and expanding its user base. The funds will also support ongoing efforts to innovate and diversify X's offerings, potentially including new features and services to attract and retain users. This financial boost comes at a crucial time as X seeks to navigate the challenges of a rapidly evolving digital advertising market and regulatory environment.

Read the Full Bloomberg Article at:
[ https://www.bloomberg.com/news/articles/2025-03-19/elon-musk-s-x-raises-close-to-1-billion-in-fresh-equity-funding ]