Elon Musk has just poured another $150 million into X, buying up more shares at a valuation close to what he paid in 2022. The investment, made sometime last year, was revealed in Kingdom Holding’s 2024 annual report on Wednesday,

Social media site X’s valuation has bounced back to $44 billion, according to a new report from the Financial Times.

Elon Musk’s X has reportedly regained a $44 billion valuation – the same price that the billionaire paid to buy the social media firm formerly known as Twitter in 2022.

Billionaire Elon Musk paid $44 billion to acquire social media platform Twitter, which he later rebranded to X. The valuation of the platform has declined sharply since the 2022 purchase with Fidelity marking the value down by 72% as of December.

Elon Musk's X has turned around its valuation with the FT reporting the social media platform is now valued at about the same as before Musk bought it.

Elon Musk listens as U.S. President-elect Donald Trump addresses a ... More House Republicans Conference meeting at the Hyatt Regency on Capitol Hill on November 13, 2024 in Washington, DC. As is tradition with incoming presidents,