PANews reported on October 31 that according to Fortune magazine, according to an internal document on X's employee equity compensation plan, the company is currently valued at $19 billion. According to two people familiar with the matter, X will issue shares to employees at $45 per share. The company is currently worth about $19 billion, a 55% drop from Musk's $44 billion acquisition price a year ago. The document states that the fair market value of the stock is determined by the board of directors based on a series of factors and is in compliance with applicable tax rules.