"Trump has delegated virtually unchecked authority to Mr. Musk without proper legal authorization," according to the lawsuit.

The social media site agreed to pay in the range of $10 million to settle with the president, who had sued over the suspension of his account in 2021.

Elon Musk may be the biggest beneficiary of Donald Trump's re-election, surpassing even Trump himself. According to a new report from Bloomberg, Musk's social media platform X is currently looking to raise money from investors at a valuation of $44 billion.

In what is believed to be its first investment round since going private, Elon Musk-owned X is in talks with investors to raise money based on a valuation of $44 billion, reports Bloomberg News. If that $44 billion figure sounds familiar,

Elon Musk’s X is reportedly discussing a new round of financing that would value the social media company at $44 billion, the price that its owner paid for the company formerly known as Twitter in 2022.