Elon Musk's social media platform X has secured nearly $1 billion in new equity funding, maintaining its valuation at approximately $32 billion, Bloomberg reported on Wednesday, citing two people with knowledge of the matter.
According to the report, Musk participated in the funding round, including Darsana Capital Partners, which previously acquired some of X's debt.
The company is considering using part of the new capital to reduce its remaining debt burden.
