"Fidelity Bets Big on Elon Musk: X and xAI Valuations Soar! 🚀

Fidelity Investments is doubling down on Elon Musk’s ventures, with both X (formerly Twitter) and $XAI

showing impressive growth. Here’s the breakdown:

📈 X’s Recovery Journey

After Musk’s $44 billion Twitter acquisition, X faced a steep valuation drop, but in December 2023, Fidelity raised its valuation by 11%, signaling a positive outlook. However, it remains at a 68% discount from Musk's purchase price.

đŸ€– xAI’s Explosive Growth

Musk’s AI startup, xAI, is skyrocketing with a recent $5 billion funding round, bringing its valuation to $50 billion. Fidelity and other investors, who were part of Musk's Twitter deal, now hold a 25% stake in xAI.

🔗 The Synergy of Musk’s Empire

The merger of X and xAI is creating a powerful ecosystem. xAI utilizes X’s data to improve its AI models, enhancing both platforms and driving user engagement.

Fidelity’s increased confidence underscores Musk’s growing empire and its potential for innovation. Watch for more developments!

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