Investors in Musk’s X acquisition revealed in court documents

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David Ingram is a tech reporter for NBC News.

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 and took it private in 2022. It’s not clear how current the list is.

He didn’t immediately respond to a request for comment sent to his company, Block. It’s not clear whether some of the 95 co-owners bought shares recently or whether they rolled over Twitter shares two years ago and held on to them. The disclosure confirms that three current and former executives at Musk’s other businesses — Omead Afshar, who worked in the office of the CEO at Tesla; The Boring Co.

 

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