Fidelity has cut its estimate of X's value by 79% since Musk's purchase

Manish Singh
Updated ·1-min read

Elon Musk's X is now worth less than a quarter of its $44 billion purchase price, according to a new estimate from investor Fidelity.

The asset manager's Blue Chip Growth Fund now values its stake in X, formerly known as Twitter, at approximately $4.19 million, based on newly released disclosures from Fidelity's Blue Chip Growth Fund. The firm's unit has reduced the value of its holding in X by a total of 78.7% as of August end.

For context, Fidelity had initially invested $19.66 million in X through the Blue Chip Fund, as per regulatory filings. This isn't the first time Fidelity has cut the value of its holding in X. As of July's end, Fidelity had valued its shares in X at about $5.5 million.

This 78.7% markdown implies that Fidelity is currently valuing X at about $9.4 billion overall. (TechCrunch's assessment assumes that Fidelity's investment in X was made at a $44 billion valuation. The acquisition was financed through a combination of equity and debt.)

Fidelity declined to comment. X didn't respond to a request for comment.

Latest stories

  • If I’d put £5,000 in Greggs shares just 2 months ago, here’s what I’d have now

    Greggs shares have suffered a double-digit decline since September, tempting this Fool to add to his position in the UK's favourite baker. The post If I’d put £5,000 in Greggs shares just 2 months ago, here’s what I’d have now appeared first on The Motley Fool UK.

  • The stock market's Trump honeymoon is turning sour

    More than half of the stock market's post-Trump-election rally has been erased.

  • Forget Lloyds shares! I’d rather buy this FTSE 100 dividend growth stock

    Dividends on Lloyds shares are tipped to rise strongly through to 2026. But Royston wild thinks this passive income hero is still a better buy for him. The post Forget Lloyds shares! I’d rather buy this FTSE 100 dividend growth stock appeared first on The Motley Fool UK.

  • British pensioners to get boost from Trump’s election win

    British pension savers will benefit from Donald Trump’s election, the head of a major retirement business has said.

  • 1 dividend-growth stock I’d tuck away in my SIPP without hesitation

    This income growth stock increased its dividend by over 700% in the last decade! Is it worth adding more shares to my long-term SIPP today? The post 1 dividend-growth stock I’d tuck away in my SIPP without hesitation appeared first on The Motley Fool UK.

  • 2 heavyweight FTSE 100 shares I think could crash in 2025!

    Our writer Royston Wild thinks these popular FTSE 100 shares may fall heavily in the months ahead. Here's why he's avoiding them. The post 2 heavyweight FTSE 100 shares I think could crash in 2025! appeared first on The Motley Fool UK.

  • I’d buy 32,128 shares of this UK dividend stock for £200 a month in passive income

    Insider buying and an 8.1% dividend yield suggest this FTSE 250 stock could be a good pick for passive income, says shareholder Roland Head. The post I’d buy 32,128 shares of this UK dividend stock for £200 a month in passive income appeared first on The Motley Fool UK.

  • 1 Stock to Buy, 1 Stock to Sell This Week: Nvidia, Target

    • Fed speakers and Nvidia earnings will be in focus this week. • Nvidia is a buy with another huge beat-and-raise quarter on deck. • Target is a sell amid declining sales, downbeat outlook expected. • Looking for more actionable trade ideas? Subscribe here for up 55% off as part of our Early Bird Black Friday sale! U.S. stocks finished lower on Friday, with the S&P 500 and Nasdaq notching their biggest one-day losses in two weeks, as a post-election rally ran out of steam and investors worried o

  • £50k in savings? Here’s how I’d aim to turn that into a £30k second income!

    Investing in stocks is a great way to earn a second income, but relying on index funds may not be the best method for those on a time limit. The post £50k in savings? Here’s how I’d aim to turn that into a £30k second income! appeared first on The Motley Fool UK.

  • Does the Shell or BP share price currently offer the best value?

    With the demand for oil and gas still rising, our writer looks at the share prices of Shell and BP to assess which he believes looks to be the cheapest. The post Does the Shell or BP share price currently offer the best value? appeared first on The Motley Fool UK.

  • Welsh Secretary: I understand why UK farmers are concerned

    The Welsh secretary says "I understand why farmers are concerned", but says only "a few farms" will be affected by controversial changes to inheritance tax announced in the government's Autumn budget. Jo Stevens adds that of the "500 farms affected" across the UK, most will be outside of Wales.

  • Investors Will Want Coupang's (NYSE:CPNG) Growth In ROCE To Persist

    There are a few key trends to look for if we want to identify the next multi-bagger. In a perfect world, we'd like to...

  • Advanced Micro Devices, Inc. (AMD) Unveils Ryzen AI Benchmark Showing 75% Faster Performance Over Intel, Gains Market Share in PC Shipments

    We recently compiled a list of the 15 Trending AI Stocks on Latest Ratings and News. In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against the other trending AI stocks on latest ratings and news. AI data centers and the power needed to keep them running […]

  • My 2 best US growth stocks to buy in November

    I’ve just bought two US growth companies on my best stocks to buy now list, and I think they’re still terrific long-term bargains right now. The post My 2 best US growth stocks to buy in November appeared first on The Motley Fool UK.

  • This penny stock’s up 172% in a year!

    This gold-mining penny stock's on track to double its production capacity by 2026, sending the price flying! But is this just the tip of the iceberg? The post This penny stock’s up 172% in a year! appeared first on The Motley Fool UK.

  • Undiscovered Gems With Strong Fundamentals To Explore November 2024

    As global markets navigate the uncertainties surrounding the incoming Trump administration's policies, investors are witnessing a notable impact on various sectors, with small-cap stocks facing mixed sentiments amid broader market fluctuations. Despite these challenges, opportunities exist for discerning investors to identify stocks with robust fundamentals that may be overlooked in the current climate. In this environment, a good stock is often characterized by strong financial health and...

  • IBM CEO on Trump: ‘Less regulation, more innovation’ is a win for business

    Tech executives may be warming to President-elect Donald Trump’s return to the White House as clarity sparks optimism for more spending and dealmaking.

  • Is AMD Stock Finally Better Than NVDA Stock After a 36% Decline?

    Advanced Micro Devices (NASDAQ:AMD) stock has tumbled 36% from its 52-week high of $211 in March and trades around $135 as of writing. The decline has been driven by disappointing earnings and guidance that fell short of Wall Street expectations. This dip has some investors wondering if now is the time to buy AMD on […]

  • Taiwan Semiconductor Manufacturing (TSM) Secures Historic $65 Billion US Investment Deal

    We recently published a list of 15 AI News That Broke The Internet This Week. In this article, we are going to take a look at where Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) stands against other AI news that broke the internet this week. AI trends are sweeping markets globally. On November 14, TikTok, the […]

  • 4 things that could sink Lloyds’ share price in 2025!

    Lloyds' share price has risen by double-digit percentages in 2024. But the bank's outlook remains highly uncertain, says Royston Wild. The post 4 things that could sink Lloyds’ share price in 2025! appeared first on The Motley Fool UK.