In a ruling earlier this week, a federal judge in California decided to make public X Holdings’ detailed corporate disclosure statement, a move that will reveal the list of shareholders of X’s parent company and X.ai, the artificial intelligence startup founded by Elon Musk in 2023, Odaily Planet Daily reported.
In 2022, Musk bought Twitter for $44 billion, took it private, and laid off about three-quarters of its employees. Last year, a group of former Twitter employees sued X for arbitration fees arising from a dispute with their former employer.
Although lawyers for Musk and X argued that X Holdings’ shareholder information should remain confidential, the judge was not swayed by the need for confidentiality. When Musk bought X Holdings, several investors included Twitter founder Jack Dorsey, Oracle co-founder Larry Ellison, and venture capital firms Andreessen Horowitz and Sequoia Capital. X Holdings now has until September 4 to file documents with the court.