Billionaire Elon Musk's X Corporation, previously known as Twitter Inc., is currently believed to have a value of $19 billion, Fortune reported on Monday citing the company's employee equity compensation plan and a source with knowledge on the matter.
As per the source, restricted stock units (RSUs), which can be described as stock shares granted as a form of employee compensation, given to the company's workers are at a share price of $45.
An email specifying the details of equity grant agreements was forwarded to the staff earlier today. Musk, who became the owner of Twitter and rebranded it to X, bought the social media company for $44 billion a year ago.