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X Stock Price (Twitter), Future IPO & How To Buy It

X stock price chart graph

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X (Twitter) stock ticker symbol

Let’s first be clear. X is not a publicly traded company (yet). The ticker ‘X’ is actually used by the U. S. Steel Corporation (NYSE: X).

When X was Twitter, and publicly listed, its ticker symbol was TWTR (NYSE: TWTR).

X (Twitter) stock price

The last stock price of Twitter was $54.20 per share. This is what the company was bought for, by Elon Musk, for a total of $44 billion.

In terms of X’s actual value at the time of sale, 9 analysts set an average price of $50.60 per share, with a high of $54.20 and low of $42.00 a share.

Therefore, it’s fair to say that the company was worth less than Elon’s bid at the time of purchase. He himself has acknowledged that he overpaid for it.

Value of X (Twitter) today

Elon himself valued Twitter at just $20 billion in May 2023. That’s less than half the amount he paid for it.

According to Fidelity in May 2023, the actual value might be even lower. Their monthly report suggests Twitter was worth just 1/3rd of the amount he paid for it. That takes it from a $44 billion valuation to less than $15 billion.

Since then, with the rebrand from Twitter to X in July 2023, analysts estimate the change wiped out between $4 billion & 15 billion in brand value. Assuming the low figure is more accurate, that would place the value of X even lower at around $11 billion.

Potential stock price of X (Twitter) in the future

Elon wants to turn X into the everything app, and the first step was the rebrand. His vision is for X (Twitter) to become a payments/social utility/communications app.

According to Musk, on X:

“Twitter was acquired by X Corp both to ensure freedom of speech and as an accelerant for X, the everything app. This is not simply a company renaming itself, but doing the same thing.

The Twitter name made sense when it was just 140 character messages going back and forth – like birds tweeting – but now you can post almost anything, including several hours of video.

In the months to come, we will add comprehensive communications and the ability to conduct your entire financial world. The Twitter name does not make sense in that context, so we must bid adieu to the bird.”

In the short term, the rebrand wipes out billions in brand value, as mentioned above. Long-term, it theoretically opens the door to something new, with a higher revenue ceiling and therefore higher share price ceiling.

That’s because as a social, communications, and payments platform, it can integrate into Elon’s other companies and become part of a much biggest ecosystem.

At first glance, each of Elon’s companies appear more or less unrelated to one another.

Elon musk companies
Credit: Ilya Pluzhnikov

But actually, they share common goals and offer various synergies:

Click for full size.

Flowchart showing relationship between all of Elon Musk's companies
Credit: Ilya Pluzhnikov

That is, they either working towards making an interplanetary civilization, or accelerating the development of sustainable energy, or both.

Where does X (twitter) fit into this? It would be the payments backbone of all of them. It would be the social & communications facility that connects people in all of them.

So, whereas Twitter had a limited share price ceiling based on its ability to advertise to slightly a higher number of people each quarter, X has a vastly earning potential based on its integration into an enormous ecosystem.

Elon is no stranger to creating successful payments applications, as seen with the success of PayPal, one of his previous companies.

He is also no stranger to creating trillion-dollar companies, as Tesla hit during its peak in January 2022.

Therefore, you could say there is precedent & a path for X (Twitter)’s market cap to one day climb into trillions and rivaling the likes of Google, Apple.

The potential is there, but can he execute? Would you buy X (Twitter) stock at IPO?

How to buy X stock (Twitter) – the IPO

X (Twitter) is not yet a publicly traded company.

However, Elon almost certainly would expect to IPO the company if/when his ‘master plan’ comes to pass.

According to the WSJ, Elon has said that he wishes to take the company public within a few years – perhaps in as little as 3 years since acquisition. That means we could see an IPO in 2025.

Elon does have a tendency to overestimate how quickly things come to pass, though. A Reddit thread documents his broken promises here.

Given the scale of his challenge, I would expect an IPO closer to the year 2027.

Of course, the best way to buy stock would be to get in on said IPO (initial public offering) when it becomes available.

How can you be the first to know?

Keep an eye on news sources, particularly financial news outlets. Companies often make official announcements about their intention to go public.

Most likely though, you’ll hear it firsthand from Elon on X (Twitter) – he has a track record of announcing major decisions himself even if he (legally) should not.

In the meantime, if you do buy into Elon’s vision, then you might want to consider investing in his other companies. Why? Because a rising tide raises all ships. It won’t be just X (twitter) that grows in value, but theoretically all the companies in his ecosystem.

The only major publicly traded company would be Tesla. His private companies are much trickier to invest in.

Our advice? Very much wait and see!

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