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Fortune
Fortune
Kylie Robison

X, formerly Twitter, is giving employees equity at a $19 billion valuation—source

elon musk making heart hands

X, formerly Twitter, is now valued at $19 billion, based on the company's employee equity compensation plan. The privately-held company, owned by Elon Musk, is giving employees RSUs at a share price of $45 according to two sources familiar with the matter. The company previously offered employees stock in March at a $20 billion valuation.

Staff received an email on Monday regarding the equity grant agreements, according to a screenshot viewed by Fortune.

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