Elon Musk Claims X Could Account for Half of Global Financial Transactions as Valuation Reaches $44 Billion and Plans $1.2 Billion Debt Buyback

Elon Musk has expressed optimism about the potential of X, stating that if executed correctly, the platform could account for half of the global financial system. This assertion comes as X's valuation has surged back to $44 billion, raising interest among investors amid ongoing speculation about its future. Additionally, X reportedly plans to buy back $1.2 billion in bank debt related to its buyout, a move that may be financed through a recent equity raise in which Musk participated. The developments mark a notable turnaround for X after 29 months of uncertainty.