Fortune has obtained internal documents from Twitter/X that are stock distribution documents given to employees. This type of stock distribution requires specifying the value of each stock at $45, calculated based on the company’s valuation. This indicates that Twitter/X has valued itself at $19 billion.
This figure is considered a decrease from the company’s previous valuation of $44 billion when Elon Musk and his team bought it from the original shareholders in 2022, representing a decline of 56% in a year.
Previously, there were reports that Elon valued his own company at $20 billion, which was considered close. However, this is the first time we have actual documented confirmation of the actual numbers.
TLDR: Twitter/X has provided internal stock distribution documents, valuing the company at $19 billion, a decrease from the previous valuation of $44 billion. Elon Musk’s previous valuation of the company at $20 billion appears to be close.