Fidelity reportedly marked up its X stake by 32 percent

By TechCrunch   |   1 year ago
Fidelity reportedly marked up its X stake by 32 percent

Fidelity increased the value of Elon Musk's X holdings by 32.37% in October. Despite the increase, Fidelity still values X 72% less than what Musk purchased it for. The markup is likely due to Fidelity's investment in Musk's AI startup xAI.

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