Fidelity Value Boosts X Holdings

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Axios

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Fidelity marks up the value of its stake in Elon Musk's X

Summary

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Fidelity marked up the value of its X Holdings shares by 32.37% in October , the largest monthly increase since helping Elon Musk buy the company in 2022 .

Even with the valuation boost, Fidelity believes X is worth nearly 72% less than the $44 billion purchase price.

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