According to a new report from Bloomberg, Musk's social media platform X is currently looking to raise money from investors at a valuation of $44 billion. If that number sounds familiar, it's because that's precisely what Musk paid for the company formerly known as Twitter when he acquired it in October 2022.

Donald Trump has applauded Elon Musk for his efforts at the helm of the new Department of Government Efficiency, noting the tech billionaire is a “very committed” individual.