PANews reported on February 19 that Elon Musk's social media company X is in talks with investors to raise funds at a valuation of $44 billion, the same price Musk paid to acquire the company in 2022, according to people familiar with the matter. This round of financing will be a major turnaround for the social media giant after Musk's acquisitions and reforms caused many users and advertisers to flee. The above-mentioned people said that negotiations for a new round of X financing are still ongoing and the details may change. Due to private information involved, these people asked not to be named. The company may also abandon financing negotiations. This is the first known round of investment since Musk took the social media company private.