Elon Musk’s social network X has raised nearly $1 billion in new equity funding, valuing the company at approximately $32 billion. This funding round, which took place on March 19, 2025, saw Musk himself participate and is aimed at potentially reducing the company’s debt.
- X raised close to $1 billion in equity.
- Company valued at approximately $32 billion.
- Musk participated in the equity raise.
- Proceeds may be used to reduce debt.
- Darsana Capital Partners also joined the round.
- X experienced significant advertiser departures.
The recent equity raise for X comes as the company continues to navigate challenges following Musk’s acquisition of Twitter, which he renamed X. The funding is expected to assist in addressing the company’s remaining debt, which has been a significant concern since Musk’s takeover in 2022.
Key details of the funding round include:
- Amount raised: Nearly $1 billion.
- Company valuation: Approximately $32 billion.
- Notable participants: Elon Musk and Darsana Capital Partners.
Darsana Capital Partners, which had previously acquired some of X’s debt, also took part in this equity round. Despite a tumultuous period marked by significant advertiser losses and operational cuts, the valuation aligns closely with the price Musk paid during the acquisition, which was around $44 billion, including $12.5 billion in debt.
Musk frequently seeks private funding for his ventures, including SpaceX and xAI. The latest funding round for X reflects ongoing investor interest despite the company’s challenges, indicating a potential recovery path.
The recent equity funding for X highlights the company’s efforts to stabilize its financial situation and reduce debt. With Musk’s involvement and backing from investors like Darsana Capital Partners, X aims to navigate its challenges and potentially improve its market position.