Musk's Twitter investors have lost billions in value

> But Alwaleed, X’s biggest investor after Musk himself, said in an interview with The Post that he values his and Kingdom Holding Co.’s X stake the same as when Musk took over the site: $1.9 billion, a figure he said was a “conservative” estimate.

> “In our books, on my books personally, we are valuing at minimum [at] the entry level that we entered with,” he said last week. “There’s no devaluation whatsoever.”

Either that's a royal level of delusion, or he's valuing the asset as something more than just a business. I'm guessing the latter.