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Elon Musk’s is now valued at a paltry $19 billion valuation, just one year after the Tesla and SpaceX tycoon paid $44 billion to take the platform private. The value is based on the company’s own calculations for an employee equity plan.that Elon Musk’s X/Twitter has unveiled a new equity plan for employee that rewards them with restricted stock units , pricing each share at $45.
First they must secure a rating from the likes of Moody’s and S&P, a quality seal investors such as mutual funds and loan managers typically require. If X receives a low credit rating, it would be hard for the banks to sell the debt to a broad investor base without taking an even bigger loss than what they are already anticipating.
Elon Musk has revealed that X/Twitter is navigating through a phase of “negative cash flow.” Musk attributed this financial strain to a combination of factors, including a substantial 50 percent plummet in advertising revenues and the bearing of a hefty debt load.
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