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As reported here: https://wallstreetpit.com/125292-elon-musks-x-secures-1b-in-new-funding-valued-at-32b/ https://wallstreetpit.com/125292-elon-musks-x-secures-1
by Zigurd 2y ago
As reported here: https://wallstreetpit.com/125292-elon-musks-x-secures-1b-in-new-funding-valued-at-32b/ https://wallstreetpit.com/125292-elon-musks-x-secures-1b-in-...
...there was a $1B round with Elon and Darsana Capital Partners, which doesn't seem to be a VC, and the relative participation wasn't reported.
This seems to be Elon bailing out Twitter to pay interest and operations deficits, dressed up as an investment.
Oddly, though they could've probably priced the round any way they wanted to, the valuation reported was $32B.