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On March 9, 2023, Musk registered X Corp. in Nevada.On the same day, Musk registered the artificial intelligence (AI) company X.AI Corp. [21] Later that month, Musk applied to merge X Holdings with X Holdings Corp. and Twitter, Inc. with X Corp. [12] In the filing, Musk revealed that X Holdings Corp. had $2 million in capital, but X Holdings Corp. would serve as the parent company for X Corp ...
While attorneys for Musk and X argued that, “as a matter of routine practice and policy, X holdings does not publish or make publicly available information regarding its owners/shareholders and ...
Musk assumed the position of CEO, [185] [186] merging the company with X Holdings and dissolving Twitter's board of directors. [187] With this merger, Twitter ceased to be an independent company, with X Corp. later created in March 2023 to house the company. [188] [189] Musk uses the title "Chief Twit" to refer to his position as CEO. [190]
Musk is not the sole owner of X Corp.; it is wholly owned by X Holdings Corp. (XHC) and based on a court filing by X Corp. and XHC. Investors in XHC include entities linked to Bill Ackman, Larry Ellison, Marc Andreessen, and Sean Combs. [36] The court filing also reflects that over 20 Fidelity-associated funds, trusts and pools are investors in ...
A judge ordered X Holdings to unseal its list of shareholders, which revealed notable investors. The list includes Andreessen Horowitz, Fidelity, Sequoia, Saudi Prince Alwaleed, and Diddy.
Fidelity Canadian Growth Company Fund by its manager Fidelity InvestmentsCanada ULC Fidelity Central Investment Portfolios LLC: Fidelity U.S. Equity Central Fund -Communication Services Sub