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DeepNewz, mobile.
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Elon Musk has compensated investors who supported his acquisition of Twitter, now known as X, by allocating them shares in his AI venture, xAI. This move comes as xAI is set to close a $5 billion funding round, which will double its valuation to $50 billion within six months. Investors who backed Musk's $44 billion takeover of Twitter will own 25% of xAI, allowing them to recoup unrealized losses from their original investment in Twitter. Reports indicate that this arrangement is expected to make these investors 'whole' following the recent surge in xAI's value, highlighting a significant turnaround for those who initially faced losses from the Twitter acquisition.
"X/Twitter investors — who own 25% of xAI — will be made “whole” after xAI recent raise at a $50B valuation" https://t.co/tiICSdukaF https://t.co/wGPgp6vM8S
𝕏 investors own 25% of xAI. xAI is set to close a $5B fundraising as early as Wednesday, doubling its valuation to $50B in just 6 months. Sure, investors like me that backed Elon for the purchase of 𝕏 will be made whole with xAI from unrealized losses of the original… https://t.co/SaUcC5gGLk
Despite the relentless articles in mainstream media saying Twitter is going and the constant mockery of Musk’s investment in the social media platform, is seems that the investors who backed Elon with 𝕏 will actually have the last laugh after all. https://t.co/HdKRB374xi
