Elon Musk’s social media app, X, recently had 95 co-owners, including a Saudi conglomerate, the cryptocurrency firm Binance and entities associated with the rapper Sean “Diddy” Combs and the billionaire Bill Ackman, according to a list its lawyers filed in federal court this week.
The list is the public’s first complete look at who co-owns the app since Musk bought the company (called Twitter at the time) and took it private in 2022.
The list of 95 co-owners is much longer than the list of 18 investors named in a securities filing in May 2022, when Musk was negotiating the purchase. That indicates that some investors from Twitter’s days as a publicly traded company have held on to their shares or that new shareholders joined Musk’s ownership group after May 2022 or both.
Among the prominent co-owners now are entities associated with Combs, whose stake was reported by TMZ in November, and with Ackman, through his Pershing Square Foundation. Ackman is a hedge fund billionaire who posts frequently on X, including in a campaign against university administrators who he says are antisemitic.
Other co-owners include Kingdom Holding Co., a Saudi conglomerate; IMG, a sports and media agency; a trust associated with Oracle co-founder Larry Ellison; and funds belonging to the venture capital firms Andreessen Horowitz, Sequoia Capital and 8VC. Those investors didn’t immediately respond to requests for comment Thursday.
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The list is the public’s first complete look at who co-owns the app since Musk bought the company (called Twitter at the time) and took it private in 2022.
The list of 95 co-owners is much longer than the list of 18 investors named in a securities filing in May 2022, when Musk was negotiating the purchase. That indicates that some investors from Twitter’s days as a publicly traded company have held on to their shares or that new shareholders joined Musk’s ownership group after May 2022 or both.
Among the prominent co-owners now are entities associated with Combs, whose stake was reported by TMZ in November, and with Ackman, through his Pershing Square Foundation. Ackman is a hedge fund billionaire who posts frequently on X, including in a campaign against university administrators who he says are antisemitic.
Other co-owners include Kingdom Holding Co., a Saudi conglomerate; IMG, a sports and media agency; a trust associated with Oracle co-founder Larry Ellison; and funds belonging to the venture capital firms Andreessen Horowitz, Sequoia Capital and 8VC. Those investors didn’t immediately respond to requests for comment Thursday.
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Investors in Elon Musk's X acquisition revealed in court documents
Companies and groups tied to Sean "Diddy" Combs, Jack Dorsey and Bill Ackman were named in the unsealed documents.
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