Is Elon Musk’s “X” Going Public Again?

Is Elon Musk’s “X” Going Public Again?

Prominent investor Bill Ackman is contemplating a significant move. His firm, Pershing Square, has recently received regulatory approval for a unique novel investment vehicle. This vehicle aims to invest in a privately held company and subsequently take it public.

Ackman Eyes Twitter X for Listing

Pershing Square has been in the limelight after receiving regulatory sign-off on Friday for its novel investment vehicle. The primary purpose of this vehicle is to invest in privately held entities and spearhead their public listing. Ackman has been vocal about various global issues on Twitter, discussing diverse topics, from resolving the conflict in Ukraine to the contentious viewpoints of Robert F. Kennedy Jr. on vaccines.

However, the focus is now on the potential transaction with the Elon Musk-owned platform, Twitter, now known as “X.” When probed by the Wall Street Journal about considering a transaction with X, Ackman responded affirmatively, signaling a possible new direction for the social media giant.

Ackman Warns of US Banking Risks

Besides X, other companies fitting the investment profile include mature unicorns in the initial public offerings, private equity-owned businesses, and divisions of public companies. The regulatory filing of the vehicle sheds light on these potential targets.

Significantly, the probability of Ackman striking a deal for X remains uncertain. Elon Musk acquired the company for $44 billion a year prior and hinted at a possible public listing in the coming years. However, the decline in ad revenues and a $13 billion debt addition post-acquisition might deter public investors. Musk attributes the revenue drop to his management scaring advertisers away.

Additionally, Ackman has been a harbinger of potential systemic risks in the US banking sector. In May, he emphasized the imminent risks and urged immediate corrective measures. He criticized US regulators for their laxity in enhancing the insurance regime, stating that it has only “hammered more nails in the coffin.”

According to Ackman, the banking system is teetering on the brink, and the failure to act promptly could have far-reaching consequences. He has been forthright in expressing his concerns and viewpoints, leveraging his substantial following on the social media platform.

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Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO’s in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at)

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.


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