This means just holding onto the 2024 advertisers would give X a full year of around $2.5 billion in profits in 2025. There were likely more advertising signups in 2024. Returning to $5 billion in revenue like Twitter had in 2021 would give $3.4 billion in profit because expenses have been drastically cut. There is also about $1 billion in new subscription revenue that did not exist in 2021.

X will start X Payments soon which will give it Paypal like features, revenues and profits.

X has 25% of xAI. xAI currently has a valuation of $50 billion. X portion of xAI is worth $12.5 billion. xAI valuation will increase in 2025 with the release of Grok 3 this month and Grok 4 in the summer or fall. xAI valuation at $100 billion would mean $25 billion for the X portion.

SpaceX is starting Starlink direct to cellphone texting, voicecalls and low speed internet. X will be able to be used with Starlink cellphone on 1 billion or more cellphones in 2026.

X with $4 billion of EBIDTA per year in 2025 and potentially growing at a significant rate of 40% per year would justify a 40-50PE. This would be about $160 billion and the $25 billion for xAI 25% ownership. This would be about $185 billion or 4 times the $44 billion purchase price.