Donald Trump’s social media company Trump Media is now worth more than Elon Musk’s X after surge in stock price

Donald Trump’s Truth Social has surpassed Elon Musk’s X in value, thanks to a surge in shares of the parent company for the former president’s social media platform.

As reported by AP, Trump Media & Technology Group is now valued at over $10 billion, having seen its shares more than quadruple since late September.

In comparison, X Holdings is valued at approximately $9.4 billion, according to the latest assessment from the investment group Fidelity regarding its stake in the platform formerly known as Twitter.