Elon Musk has seen two companies he’s played a big role in—Twitter and OpenAI—head in two very different directions.
Twitter, which he bought for $44 billion in late October, has since then suffered a steep drop in value. The Information reported yesterday that Musk now values the company, which he took private, at about $20 billion. That’s based on an email that he reportedly sent to employees late Friday offering them equity grants (possibly to stem an exodus of talent) that they’ll be able to sell during future liquidity events. The assessment isn't far from one made by Fidelity Investments, which Axios reported on earlier this month.
