Unlock the Editor’s Digest for free
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Elon Musk’s X has raised about $1bn in a new equity funding round that values the social media company at $44bn, bringing its valuation back in line with the price the billionaire paid in 2022.
Musk, X’s majority shareholder, was among those who purchased the shares, according to several people familiar with the matter. Darsana Capital, an investor that has bought…
Read the full article here
