Earlier this week, a federal judge ordered Elon Musk’s X to unveil the list of shareholders involved with X Holdings Corp.
This revelation offers the public an unprecedented glimpse into the investors who backed Musk’s staggering $44 billion acquisition of the social media giant formerly known as Twitter in October 2022.
Contrary to popular belief, Elon Musk is not the sole owner of Twitter/X. While he may be the face of the company and the one who “signs for it,” the platform is actually owned by an eclectic mix of tech leaders, celebrity moguls, and even royalty.
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1. Fidelity’s Puzzling Commitment
At the forefront of this investment conglomerate is Fidelity, the investment behemoth known for its widespread market presence.
With nearly 30 separate entities holding stakes in X, Fidelity’s involvement raises eyebrows, especially considering their own filings suggested a staggering 72% drop in the platform’s value since Musk’s takeover, as reported by Fortune.
Despite this apparent setback, Fidelity seems to be doubling down on their investment, leaving many to wonder what hidden potential they might see in X’s future.
2. Hollywood and Royalty Join the Fray
The unsealed documents reveal a star-studded cast of investors that add a touch of glamour and intrigue to X’s ownership structure.
Bill Ackman’s Pershing Square Foundation and Larry Ellison’s revocable trust are among the notable names. However, the most surprising addition might be Sean “Diddy” Combs (arguably one of the world’s most hated hip-hop artists), who has secured a stake through Sean Combs Capital.
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Further adding to the diverse nature of X’s ownership is the presence of HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud. The Saudi royal’s involvement brings an international and regal element to this already complex ownership structure, highlighting the global appeal and significance of the platform.
3. Silicon Valley’s Stamp of Approval
No tech industry drama would be complete without the involvement of Silicon Valley’s elite. The list of X’s investors includes renowned venture capital firms such as 8VC, Andreessen Horowitz, and Sequoia Capital.
These firms are known for their aggressive investment strategies and their willingness to back high-risk, high-reward ventures. Their continued support suggests that despite the tumultuous journey thus far, they still see significant potential in Musk’s vision for X.
4. Individual Investors Betting Big
Among the corporate giants and celebrity names, there are also individual investors who have personally invested in Musk’s ambitious project.
Danilo Kawasaki and Ross Gerber stand out, appearing on the list both as individual investors and through their firm, Gerber Kawasaki. This dual involvement demonstrates a notable level of confidence in X’s potential, despite the platform’s recent challenges.
The Future of X: A High-Stakes Gamble
As it stands, Elon Musk’s X presents itself as a fascinating and chaotic experiment in social media ownership and management.
Supported by an unexpectedly diverse cast of characters from the worlds of finance, technology, and entertainment, the platform’s future remains uncertain.
The coming months and years will reveal whether these bold investors will weather the storm and reap the rewards of their faith in Musk’s vision, or if they’ll seek to abandon ship as the platform continues to evolve.
