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Musk’s X Raises Nearly $1 Billion in New Equity

The Information · Martin Peers · last updated

Elon Musk’s X has raised nearly $1 billion in new equity at a valuation of about $32 billion, Bloomberg reported. Musk bought extra shares in the round himself, the report said.

The fundraising gives X funds to pay down its $13 billion in debt, reducing its heavy interest expense. The …

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