Elon Musk, CEO of Tesla and SpaceX, has created three Delaware-based holding companies in his recent bid to acquire Twitter, raising the possibility of a broader umbrella company for the investor’s numerous business interests.
These holding companies, named “X Holdings I,” “X Holdings II,” and “X Holdings III,” were filed with the Securities and Exchange Commission on Wednesday, stating that all three companies were established in order to acquire or merge with Twitter.
The naming convention revolving around the letter “X” is a perennial feature of Musk’s business enterprises. Musk launched his career on the success of X.com, which was merged with Confinity to form the company now known as PayPal in 2000, and he continued his loyalty to the 24th letter in the names of his aerospace startup SpaceX and the Tesla SUV Model X. The letter has even featured prominently in the names of Musk’s children, with the most infamous example being his son “X Æ A-Xii Musk,” for whom the letter stands alone as a legally given name.
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