xAI News: Fidelity Boosts Valuation Of Musk’s X Holdings

xAI Unicorn News - December 02, 2024

Fidelity Investments has increased its valuation of Elon Musk's X Holdings by over 32%, despite it still being valued below the original purchase price. This adjustment is linked to Musk's AI venture, xAI, and its potential impact on X Holdings' equity stake. Explore the factors influencing this unexpected valuation change.

Sources
https://www.firstpost.com/tech/fidelity-marks-up-the-value-of-its-holdings-in-elon-musks-x-by-32-37-in-october-13840699.html

Outline
(00:00:00) Introduction
(00:00:27) Fidelity marks up the value of its stake in Elon Musk's xAI

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