Elon Musk's social media company X, now based in Bastrop, reportedly raises $1B

The advertisers will return and X will soon be offering financial services. But Musks Erzrivale Sam Altman is already a step further.

Elon Musk's social media company X, now based in Bastrop, reportedly raises $1B

Elon Musk's social media company X, now based in Bastrop, has reportedly raised a huge investment. If confirmed, the billion-dollar round would likely eclipse any prior venture funding rounds for a Texas-based company. In this story, we explore what's in those recent reports. The story also details X's activities in the Austin area, as well as other details about Musk's growing empire just east of Austin.

Elon Musk forced to pump more money into X

Elon Musk has pumped more money into X, formerly Twitter, to help the platform regain its $44bn valuation.

Elon Musk’s X raises $1bn in new equity fundraising round

Social media group is valued at $44bn, matching the price the billionaire paid in 2022

Elon Musk’s X Raises Almost $1 Billion in New Equity Funding

Elon Musk’s social network X has raised close to $1 billion in new equity from investors, according to people with knowledge of the matter — a deal that gives the company a valuation in line with when Musk took it private in 2022.

X Secures $1 Billion in New Funding Via New Equity Raise

Faith in Elon Musk remains strong among key investors.