In a recent court filing, it was revealed that Elon Musk’s X Holdings Corp, previously known as Twitter, is backed by notable investors including Saudi Prince Al Waleed bin Talal al Saud, Jack Dorsey, Sean “Diddy” Combs, and the venture capital firm Andreessen Horowitz. The unsealed filing discloses nearly 100 investors, indicating that many represent different funds managed by the same entities.

Key Highlights:
– Investors include:
– Al Waleed bin Talal al Saud (Saudi Prince)
– Jack Dorsey (Co-founder, Former CEO of Twitter)
– Sean “Diddy” Combs (Rapper)
– Andreessen Horowitz (Venture Capital Firm)
– 8VC (Co-founded by Joe Lonsdale, associated with Palantir)
– The document was sealed due to a lawsuit by former Twitter employees.
– The court’s ruling emphasizes public interest in company ownership disclosures.

Current Status of X:
– Musk acquired Twitter for $44 billion in 2022 and aims to evolve it into an all-in-one app, incorporating payment functionalities.
– Most revenue originates from advertising and premium subscriptions.
– Fidelity recently valued X at a 68% discount, estimating it at $14.1 billion.
– Musk reduced X’s workforce by approximately 80%, a decision supported by CEO Linda Yaccarino as essential for cost management.