Elon Musk Live Streams Diablo IV on X and new business developments
The business implications for X are becoming increasingly interesting, especially with notable investors like Bill Ackman throwing their hats into the ring. Ackman recently revealed that he is already a supporter of X through a $10 million investment via his firm’s foundation. He further expressed interest in possibly taking X Corp public, though there hasn't been direct communication with Musk on this matter as of yet. Ackman’s interest underscores the transformation that X is undergoing. His investment firm, Pershing Square, received regulatory approval for a new class of special purpose acquisition companies known as SPARC. With this financial instrument, Ackman could commit as much as $2 billion to a transaction involving X. This shows not only his faith in the platform's potential but also indicates that big financial moves could be on the horizon for X.