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Fidelity Investments boosted valuations for Elon Musk's X and xAI, despite X's overall value being 72% lower post-acquisition.
Fidelity Investments raised the value of its holdings in Elon Musk's X (formerly Twitter) by 32.37% in October, its first increase since 2022.
Despite this boost, X's overall value remains 72% lower than what Musk paid in 2022.
Fidelity also increased the valuation of Musk's xAI by 70%, suggesting a positive outlook on Musk's ventures, especially following the election of Donald Trump, which boosted traffic on X.
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Fidelity Investments impulsó las valoraciones para X y xAI de Elon Musk, a pesar de que el valor global de X fue un 72% menor después de la adquisición.