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Fidelity marks up value of its stake in Elon Musk's X
Fidelity boosts valuations of its stakes in Elon Musk’s X and xAI startup, report says
October saw a 32.37% jump in X's valuation, marking the biggest monthly increase since Fidelity helped Musk buy Twitter for $44 billion in 2022, Axios said.
Fidelity reportedly marked up its X stake by 32 percent
Fidelity marked up the value of its holdings in Elon Musk’s X (formerly Twitter) by 32.37% in October, according to a report in Axios. Even with this markup, Fidelity still values the company at 72 percent less than the $44 billion that Musk purchased it for in 2022.
Fidelity marks up value of its stake in Elon Musk's X by 32%: report
Fidelity marked up the value of its holdings in Elon Musk's X by 32.37% in October, Axios reported Sunday, possibly boosted by the social media's stake in xAI. Despite the markup, Fidelity still values the platform formerly known as Twitter at a 72% discount to the $44 billion Musk purchased it for in 2022.
Fidelity marks up the value of its stake in Elon Musk's X
Even with the valuation boost, Fidelity believes X is worth nearly 72% less than the $44 billion purchase price. Behind the scenes: Fidelity, which began marking down the company's shares just a month into Musk's stewardship,
Elon Musk, Donald Trump and Thanksgiving
Donald Trump Would Not Go in an Elon Musk Rocket, Granddaughter Says
Donald Trump said he wouldn't want to travel on one of SpaceX 's Starship launches while watching its sixth test flight on November 19, according to granddaughter Kai Trump, who also attended.
Donald Trump and Elon Musk celebrate Thanksgiving together
Elon Musk celebrates Thanksgiving with Donald Trump and his family at Mar-a-Lago:: Jacob Safar:: November 28, 2024:: Palm Beach, FloridaMusk, who owns X and rocket company SpaceX and is chief executive of the electric car company Tesla Inc,
Elon Musk gets standing O at Donald Trump’s Mar-a-Lago Thanksgiving dinner
Elon Musk received an exuberant standing ovation at President-elect Donald Trump’s Thanksgiving celebration at Mar-a-Lago. The billionaire spent the evening Thursday beside his mother, Maye Musk, and the president-elect for the holiday dinner at the club.
D'MARGE
2h
Elon Musk Sold His $100 Million Real Estate Empire To Live In A $50,000 Tiny House
Elon Musk once owned over $100 million USD worth of luxury properties across California before selling them all. SpaceX CEO’s ...
10h
on MSN
Elon Musk in 'Unprecedented' Position Over Rural Internet: Former FCC head
Blair Levin has raised a red flag in response to the idea that Musk could leverage a new government department for personal ...
4d
on MSN
Rocket launch attendees share hopes about Elon Musk’s prediction for Mars travel by 2026
Attendees of a SpaceX rocket launch in Texas shared their thoughts on how soon Elon Musk will be able to send manned or ...
24/7 Wall St. on MSN
11h
Elon Musk's Net Worth Up $100 Billion This Year
Elon Musk's net worth is up over $100 billion this year. Part is because of his ownership in Tesla. Another is his piece of ...
5d
on MSN
Elon Musk’s mother describes unique relationship between Trump and her ‘genius of the world’ son
Maye Musk, Elon's mother, says both her son and President-elect Donald Trump are "having a lot of fun" working together and ...
2d
Elon Musk shares “simple algorithm” at SpaceX, Tesla; explains why he follows it
Elon Musk reveals a 5-point algorithm to enhance productivity and reduce errors at his companies, including Tesla and SpaceX.
1h
Bernie Sanders praises DOGE boss Elon Musk over defense spending
The veteran Democratic Senator, from Vermont, tweeted criticism for the department on Sunday, claiming it had managed to ...
15h
on MSN
As his power grows, D.C. wonders: How do you lobby a man like Elon Musk?
Musk has flaunted his closeness with Trump, but his unconventional approach leaves few obvious ways to reach him.
3d
on MSN
A timeline of Elon Musk's political views and donations
Elon Musk's political views align more with Republicans now, but he's donated to lawmakers from both parties going back to ...
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