X shareholders as of June 2023 included funds tied to Bill Ackman, Binance, and Sean ‘Diddy’ Combs
Elon Musk's X reveals list of shareholders including Bill Ackman, Binance, and Sean 'Diddy' Combs.
A court order recently compelled Elon Musk's X to make its list of shareholders public as of June 2023. Recognizable names, such as venture capital firms Andreessen Horowitz, Draper Fisher Jurvetson, and Sequoia Capital, among others, had already been reported as backers of Musk’s acquisition of the social media company formerly known as Twitter.
Less known was the involvement of Sean “Diddy” Combs through Sean Combs Capital and Bill Ackman via the Pershing Square Foundation. Additionally, 8VC, co-founded by Palantir’s Joe Lonsdale, also features as an investor, despite its reported ties to Russian oligarchs.
Some shareholders were previous Twitter investors, like co-founder Jack Dorsey and Saudi Prince Alwaleed bin Talal al Saud, who rolled over their stakes. The court filing from June 9, 2023, was made public this week after a motion by the Reporters Committee for Freedom of the Press on behalf of journalist Jacob Silverman, who emphasized the list as a valuable resource for those looking to understand the company dynamics.