Elon Musk-owned social media platform X (formerly Twitter), which recently nearly doubled the price of its X Premium+ plan, is now seeking fresh funding. According to a report by Bloomberg, the micro-blogging platform is reportedly in discussions to raise funds at a valuation of $44 billion. This is the same amount Musk paid for the company during its acquisition in 2022.

The discussions are ongoing, and specific details, including the amount to be raised, have not been finalized, as per the report. The current fundraising talks at a $44 billion valuation indicate a possible turnaround for X.