MOSCOW, October 30 Elon Musk's company X, which owns the social network of the same name, is valued at $19 billion based on the value of one share allocated to an employee, Fortune magazine reports, citing sources.
«Company X, formerly Twitter, is now valued at $19 billion based on the company's equity compensation plan,» the magazine reported, citing sources.
It is clarified that the company provides employees with remuneration in the form of the right to receive restricted shares, the cost of one share is $45.
The magazine adds that earlier, in March, the company offered employees shares, the total value of which was estimated at $20 billion.
X Corp. is an American company founded by Elon Musk to take over Twitter Inc. and the company's main product, the social network Twitter, which occurred in April. In July, a rebranding was carried out — the logo and name of the Twitter social network were changed to X.