Who all have invested in Elon Musk's X? Unsealed court documents list out global funds, Silicon Valley elites

A recent Wall Street Journal report had termed the $44-billion deal as the worst since the 2008 global financial crisis.

Two years since the $44-billion takeover of erstwhile Twitter, controversies around Elon Musk’s deal refuse to die down. While there are reports on how top banks have lost several million dollars due to the acquisition, recent unsealed court documents showcase who all invested in the social media platform.

Rechristened X, the company attracted mega bucks from Silicon Valley elites and big global funds, a Bloomberg report said. The names include billionaire Larry Ellison, Sean “Diddy” Combs among others, the Bloomberg report added.

While investors like venture capital firms Andreessen Sequoia, Horowitz and Jack Dorsey are well known, the court filings outline X Holdings Corp’s stakeholders in full for the first time in one document, the Bloomberg added. This gives an overview of the supporters behind the social media platform Musk when he bought X for $44 billion back in 2022.

Saudi Prince Alwaleed Bin Talal, Bill Ackman’s Pershing Square and Fidelity are other big investors.

The Bloomberg report said that the court filing, which was ordered by a judge during the part of a lawsuit brought by former Twitter employees, listed several shareholders.

However, the unsealed court documents didn’t give a breakdown in the stakes. Earlier disclosures showed while Musk owned 75 percent of X’s parent company as of October. Other investors held no more than 10 percent.

The report comes at a time when there is a growing clamour over bankers losing several billion dollars in the X deal. A recent Wall Street Journal report had termed the $44-billion deal as the worst since the 2008 global financial crisis.

According to the WSJ report, as many as seven banks had loaned the world’s richest man $13 billion for Twitter acquisition in 2022.  The report said that each bank is now not able to offload the debt without incurring “major losses” from the Twitter takeover.