What companies does X own?
Well, there are many on the list – surprisingly.
X or X.com is a well-known domain with a fascinating history and a significant presence in the tech world.
Initially launched as a pioneering online bank, it has evolved over the years and is now owned by X Corp., the parent company of the social media platform previously known as Twitter.
Under the leadership of Elon Musk, X has become synonymous with innovation and transformation in the digital space.
Who Owns X?
X is owned by X Corp., a private company under the control of Elon Musk. Significant stakeholders in X Corp. include high-profile individuals like Bill Ackman and Saudi Prince Alwaleed bin Talal.
Elon Musk purchased the X.com domain in 2017, citing its sentimental value, as this was the name of the online bank he co-founded in 1999.
The domain is now heavily associated with the social media platform, rebranded as “X.”
What Companies Does X Own?
Here’s a list of companies owned by X:
X (Formerly Twitter)
The primary asset of X Corp. is the social media platform “X,” previously known as Twitter. Elon Musk acquired Twitter in 2022 and began a radical transformation of the platform.
Under his ownership, Twitter was rebranded as X in 2023, aligning it with his vision of creating a multifunctional digital hub.
The platform now serves not only as a social media site but also as a tool for financial transactions and content sharing, reflecting Musk’s broader ambitions.
Neuralink
Neuralink is one of X’s most ambitious ventures, focusing on brain-machine interface technology. The company aims to develop devices that can be implanted in the human brain to treat neurological conditions and, eventually, enhance human cognition.
Neuralink’s work aligns with X’s mission to merge human intelligence with artificial intelligence, paving the way for a future where humans and machines can seamlessly interact.
Tesla
Tesla is arguably the crown jewel of X’s portfolio. As a pioneer in electric vehicles (EVs), Tesla has transformed the automotive industry with its sleek, high-performance electric cars, solar energy products, and energy storage solutions.
Tesla’s mission to accelerate the world’s transition to sustainable energy aligns perfectly with X’s broader goals.
SpaceX
SpaceX, another flagship company under X, is revolutionizing space exploration. With achievements such as reusable rockets, the Starlink satellite network, and the Starship project, SpaceX is working toward making space travel more accessible and affordable.
The company’s long-term vision includes colonizing Mars, a goal that reflects X’s commitment to pushing the boundaries of human achievement.
The Boring Company
It is focused on infrastructure and tunnel construction, The Boring Company aims to alleviate urban traffic congestion through innovative tunneling technology. Its projects, such as the Las Vegas Convention Center Loop, demonstrate X’s dedication to solving real-world transportation challenges.
SolarCity
Acquired by X, SolarCity is a leading provider of solar energy services. By offering solar panel installations and energy efficiency solutions, SolarCity plays a crucial role in X’s mission to transition the world to sustainable energy sources.
Tesla Energy
A division of Tesla, Tesla Energy focuses on energy storage and solar products. Its Powerwall and Powerpack systems enable homes and businesses to store renewable energy, reducing reliance on fossil fuels and promoting energy independence.
When Was X Founded?
X was founded in 1999 as an online bank by Elon Musk, Harris Fricker, Christopher Payne, and Ed Ho.
It was one of the first online financial services aimed at disrupting traditional banking.
X quickly gained prominence but merged with Confinity in 2000, which later became PayPal. Although the online bank ceased operations as X, the name and domain have continued to hold value due to their innovative origins.
Who Is the CEO of X?
Linda Yaccarino serves as the CEO of X Corp., the entity that owns and operates X.
She oversees the transformation of the platform into an all-encompassing app for communication, finance, and commerce.
Where Is the Headquarters of X?
The headquarters of X, under X Corp., is located in San Francisco, California. This location serves as the central hub for the operations and development of X (formerly Twitter) and aligns with the region’s reputation as a global tech leader.
What Is the Annual Revenue of X?
As of 2024, the revenue of X is around $2.9 billion as it generates significant income through advertising, subscriptions, data licensing, and other services linked to X (formerly Twitter).
Estimates suggest that the rebranded platform aims to diversify and increase its revenue streams under Elon Musk’s leadership.
How Many Employees Does X Have?
X, through X Corp. and its associated initiatives, employs thousands of individuals globally.
Significant staffing changes occurred after Elon Musk’s acquisition, including reductions and reorganizations to align with the company’s evolving goals. Current estimates place the workforce at around 2,840 employees.
What is Elon Musk’s net worth?
As of December 2024, Elon Musk’s net worth is around $436.3 billion, making him the first person to achieve such a level of wealth. This remarkable increase in his net worth is largely attributed to the soaring value of Tesla shares and a recent sale of insider SpaceX shares. Musk’s financial ascent has been a significant topic of discussion, highlighting his position as the richest person in the world.
Wrapping up
X has undergone a remarkable transformation since its inception as an online bank in 1999.
Now owned by X Corp., the domain has gained prominence as a vital part of Elon Musk’s ambitious vision for the future of digital technology.
From its ownership of the rebranded social media platform X to its potential role in broader innovation, X continues to represent a blend of history and modernity in the tech world.
Looking ahead, its evolution under Musk’s stewardship promises to shape the digital landscape in dynamic and unpredictable ways.
FAQs
What does the company X do?
X, under the ownership of X Corp, is closely linked to the social media platform previously known as Twitter, now rebranded as X. The company operates as a multifunctional digital hub, integrating features for communication, financial transactions, and content sharing. Its transformation under Elon Musk aims to create an all-encompassing platform that serves various digital and social needs.
How many people work for X?
X, managed by X Corp, employs approximately 2,840 individuals globally. This figure reflects significant staffing adjustments, including reductions and reorganizations, made after Elon Musk acquired the company to align with its evolving objectives.
Who owns 100% of X?
X is owned entirely by X Corp. Elon Musk is the primary stakeholder, driving the overarching vision and operations of the company. Other notable investors include Bill Ackman and Saudi Prince Alwaleed bin Talal, who hold stakes in the parent entity, X Corp.