A federal judge in San Francisco ordered X to unseal a list of shareholders from the group that took Twitter private, revealing nearly 100 investors, including top venture capitalists and a Saudi royal.
The court's decision was influenced by a motion from technology journalist Jacob Silverman, who argued for public transparency regarding the ownership of X, underscoring the public's right to know.
Several prominent figures, including Larry Ellison, contributed significantly to Musk's $44 billion acquisition of X, and together they have raised concerns over the overall financial implications of Musk's debt.
The ruling allows transparency into X's ownership while reflecting on the risks and repercussions of Musk's substantial borrowing during the acquisition process.
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