Trump Media Stock Surges Past Elon Musk’s X In Market Cap

Benzinga

Trump Media & Technology Group saw its stock surge more than 21% to over $47 per share on Monday, reaching a market cap of over $9 billion. The recent rally follows Trump’s rally in New York City ahead of the presidential election, pushing TMTG’s valuation above Elon Musk's X, formerly Twitter. Fidelity’s latest valuation of X, based on its minority stake, is about $200 million below Trump Media's. Despite Musk reinstating Trump’s account on X and other platforms, Truth Social remains the former president’s preferred social media.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Trump Media and Technology Group saw its stock surge more than 21% to over $47 per share on

00:08Monday, reaching a market cap of over $9 billion. The recent rally follows Trump's rally in New York

00:14City ahead of the presidential election, pushing TMTG's valuation above Elon Musk's X, formerly

00:20Twitter. Fidelity's latest valuation of X, based on its minority stake, is about $200 million

00:26below Trump Media's. Despite Musk reinstating Trump's account on X and other platforms,

00:31TruSocial remains the former president's preferred social media.

00:35For all things money, visit Benzinga.com slash GSTV.

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