
X Corp.
Company that operates the social network X, formerly Twitter.
AcquiredSource [6]Source [7]Last verified Oct 2, 2026
About X Corp.
X Corp. operates X, the real-time social media platform formerly called Twitter. SpaceX describes X as its real-time information, entertainment and free speech platform and as a distribution and data source for its Grok AI models.Source [6]Source [4]
Elon Musk completed his $44 billion purchase of Twitter, Inc. on October 27, 2022, taking it private and removing its top executives. Twitter, Inc. was folded into X Corp., a Nevada corporation, in 2023.Source [9]Source [3]Source [1]Source [2]
Musk named Linda Yaccarino CEO in May 2023 while he kept charge of product and technology; she stepped down in July 2025. In March 2025 xAI acquired X's parent in a deal valuing X at $33 billion, and X became part of SpaceX when SpaceX acquired xAI in February 2026.Source [10]Source [11]Source [7]Source [6]
X makes money mainly from advertising, reported within SpaceX's AI segment, plus subscriptions such as X Premium+. SpaceX reported over 1.3 billion accounts active in the twelve months to March 2026 and about 550 million monthly active users across Grok and X combined.Source [6]
What happened
Elon Musk acquired Twitter, Inc. on October 27, 2022, and Twitter, Inc. was merged into X Corp. in 2023. xAI acquired X's parent, X Holdings Corp., on March 28, 2025 in a deal valuing X at $33 billion, and X Corp. became an indirect subsidiary of SpaceX when SpaceX acquired xAI in February 2026.Source [3]Source [1]Source [7]Source [6]
Timeline
- 2026-08Head of product Nikita Bier stepped down after a little more than a year.Source [12]
- 2026-02-02Became part of SpaceX when SpaceX acquired xAI.Source [6]
- 2025-07Linda Yaccarino stepped down as CEO.Source [11]
- 2025-03-28xAI acquired X Holdings in a deal valuing X at $33 billion.Source [7]Source [6]
- 2023-05Musk named Linda Yaccarino CEO.Source [10]
- 2023-04A court filing showed Twitter, Inc. had become X Corp.Source [1]
- 2022-10-27Musk completed his $44 billion acquisition of Twitter, Inc.Source [9]Source [3]
Products and brands
- X: Real-time social media platform, formerly Twitter.Source [6]
- X Premium+: Highest paid subscription tier on X.Source [6]
- Grok on X: xAI's Grok assistant built into the X platform.Source [13]Source [14]
- X advertising: Advertising platform, the main way X earns revenue.Source [6]
Leadership
| Elon Musk | Chief Technology Officer and directorSource [6] | 2022 to 2025 |
| Linda Yaccarino | Chief Executive OfficerSource [10]Source [11] | 2023 to 2025 |
| Nikita Bier | Head of ProductSource [12] | 2025 to 2026 |
Funding and financials
- Advertising revenue (SpaceX AI segment)
- $1.84 billion (2025)Source [6]
People on Founded, and where they went next
| Person | Here | Also built |
|---|---|---|
| Elon Musk | Owner, Chief Technology Officer and director2022 to 2025 | xAIAcquiredThe Boring CompanyActiveNeuralinkActiveOpenAIActiveSolarCityAcquiredTeslaIPOSpaceXIPOPayPalIPOX.comMergedZip2Acquired |
Links
Sources
- Twitter, Inc. is now X Corp., TechCrunch, 2023-04-11. Accessed Oct 2, 2026.
- X Corp., Wikipedia. Accessed Oct 2, 2026.
- Twitter, Inc. Form 8-K: completion of merger, SEC EDGAR, 2022-10-31. Accessed Oct 2, 2026.
- X Terms of Service (version effective October 9, 2026, as served on 2026-10-02), X Corp.. Accessed Oct 2, 2026.
- Elon Musk's head is in DC. The heart of his business empire is in Texas, and it's growing., KUT (Austin NPR station), 2025-02-12. Accessed Oct 2, 2026.
- Prospectus (Form 424B4), Space Exploration Technologies Corp., SEC EDGAR, 2026-06-12. Accessed Oct 2, 2026.
- Elon Musk says xAI has acquired X in deal that values social media site at $33 billion, CNBC, 2025-03-28. Accessed Oct 2, 2026.
- xAI is now officially known as SpaceXAI, Engadget via Yahoo Finance, 2026-07-07. Accessed Oct 2, 2026.
- Elon Musk completes $44 bln acquisition of Twitter, Reuters via Yahoo Finance, 2022-10-27. Accessed Oct 2, 2026.
- Elon Musk appoints new Twitter CEO, NBCU's Linda Yaccarino, TechCrunch, 2023-05-12. Accessed Oct 2, 2026.
- Linda Yaccarino steps down as CEO of Elon Musk's X, CNBC, 2025-07-09. Accessed Oct 2, 2026.
- Nikita Bier steps down as X's head of product, TechCrunch, 2026-08-05. Accessed Oct 2, 2026.
- Announcing Grok, xAI (now SpaceXAI), 2023-11-03. Accessed Oct 2, 2026.
- xAI raises $6B Series C, xAI (now SpaceXAI), 2024-12-23. Accessed Oct 2, 2026.