Under Elon Musk's leadership, social network X achieved a historic milestone.

The social network X, formerly known as Twitter, has reached a valuation of 44 billion dollars, the same figure as the price Musk paid to acquire the social network in 2022.

According to a report, this valuation was obtained in a recent secondary funding round, in which investors exchanged existing shares of X.

An additional report indicated that X raised about one billion dollars in new capital from investors, with Musk himself participating in this funding round. The deal valued X at approximately 32 billion dollars, in addition to around 12.5 billion dollars in debt.

This surge in valuation reflects a significant recovery for Musk and his appointed CEO, Linda Yaccarino, who have transformed X into an "all-in-one" type platform.

In this process, they have implemented more relaxed content moderation standards and plan to create an integrated payment platform. This effort is part of Musk's broader vision to develop a multifunctional application, similar to other "superapp" platforms like WeChat in China.

The drop in X's valuation after Musk's acquisition was notable. After Musk took over the company and carried out a massive restructuring process with layoffs, the company faced a significant exodus of corporate advertisers, causing a drastic drop in revenue.

At the end of 2022, the firm Fidelity Investments had reduced the value of its stake in X by 72% compared to the acquisition.

However, there now seems to be a huge recovery, evidenced by the fact that the company has caused around 1.2 billion dollars in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), a figure comparable to the revenue Twitter caused before the acquisition.

The transformation process of X has included the launch of a premium subscription service that offers access to account verification with the famous "blue check" to paying users.

Additionally, X has integrated an artificial intelligence chatbot called "Grok", developed by Musk's startup xAI, with the aim of enhancing the platform's technological capabilities.

Despite the initial challenges, X's business model seems to have found a path to prolonged stability.

Although there is talk of an optimistically adjusted valuation, the data suggests that the company has managed to regain ground, with a much higher valuation than in the moments following the acquisition, when it was feared that the platform's value would plummet even further.

In addition to efforts in X, the company maintains a 25% stake in xAI, which was valued at 45 billion dollars in its latest funding round. Among X's key investors are Silicon Valley heavyweights like Andreessen Horowitz and Sequoia Capital.

Despite scarce criticism for the platform's purchase price, Musk continues with his vision of transforming X into an integral application, something that goes beyond being a simple social network, seeking to integrate into broader financial and technological aspects of digital life.