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.

Elon Musk is the most followed person on X, formerly known as Twitter, as well as being the site's owner, and he is also one of the site's most prolific users, often posting dozens of times a day, or sharing other people's posts.

The value gap between Elon Musk's holdings in SpaceX and Tesla stands at $43 billion following the slide in the EV maker's stock this year.

Elon Musk’s xAI and Nvidia — have joined BlackRock, Microsoft and investment fund MGX’s group to expand AI infrastructure across the U.S., the companies announced Wednesday. The fund — called the AI Infrastructure Partnership — at its formation in September of last year,

Microsoft Corp., the biggest backer of Sam Altman’s OpenAI, and BlackRock Inc., which has an executive on the artificial intelligence startup’s board, are joining forces with one of his chief rivals.