Elon Musk’s social media platform, X, has garnered significant investments from a range of high-profile figures and major financial institutions, according to a court document unsealed on Wednesday. Among the investors are renowned personalities such as Sean “Diddy” Combs and billionaire Larry Ellison.
While many of the investors, including Twitter co-founder Jack Dorsey and prominent venture capital firms like Andreessen Horowitz and Sequoia, have been previously identified, this filing provides a comprehensive list of shareholders in X Holdings Corp. for the first time. This revelation offers a detailed look at the backers of the platform, which Musk acquired for $44 billion in 2022. Notable investors include Bill Ackman’s Pershing Square, Saudi Prince Alwaleed Bin Talal, and Fidelity.
The acquisition of Twitter by Musk was met with controversy from its announcement. Since then, Musk has significantly reduced the workforce and faced challenges with advertisers, who are crucial to the platform’s revenue. Musk’s vision for X involves transforming it into an all-encompassing app that will offer a variety of services, including high-quality video content and payment options.
The unsealed court document, which emerged as part of a lawsuit filed by former Twitter employees, lists numerous shareholders but does not provide a detailed breakdown of their individual stakes. Earlier disclosures indicated that Musk owned 75% of X’s parent company as of October, with no other investor holding more than 10%.
A spokesperson for X did not respond to requests for comment outside of regular business hours.
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