Elon Musk’s X has reportedly regained a $44 billion valuation – the same price that the billionaire paid to buy the social media firm formerly known as Twitter in 2022.

Social media site X’s valuation has bounced back to $44 billion, according to a new report from the Financial Times.

A process server gave the civil summons and other documents on March 14 to a security guard at the Brownsville, Texas, headquarters of SpaceX, the space technology company of which Musk is CEO, the filing said.