Company

How Twitter and X unfolded

Twitter launched in 2006 and listed on the New York Stock Exchange in 2013. Elon Musk agreed to buy it for $54.20 a share in April 2022, tried to terminate the deal, was sued, and closed the purchase in October 2022. The platform was renamed X, folded into Musk's xAI in 2025 and became part of SpaceX in 2026, while the EU fined it under the Digital Services Act.

21 March 2006 to today · 30 dated events · 22 sources
Where it stands now · as of 31 October 2026

X is operated by subsidiaries of xAI, which SpaceX acquired on February 2, 2026. SpaceX is listed on Nasdaq under SPCX. The challenge by X, xAI and Musk to the EU's 120 million euro DSA fine was pending at the EU General Court as of SpaceX's October 22, 2026 filing.

per share paid in Musk's 2022 takeover$54.20
monthly active users at the 2013 IPO230m+
EU Digital Services Act fine, December 2025€120munder appeal
2022 civil penalty over use of contact data$150m
Overview · 21 Mar 2006 to Aug 2026 · click a dot to jump
2006200820092010201120122013201420152016201720182019202020212022202320242025202621 March 2006: Twitter bornApril 2007: Incorporated in DelawareMay 2007: Jack Dorsey becomes chief executiveMarch 2011: FTC privacy order issued6 November 2013: IPO priced at $26 a share11 June 2015: Costolo to step down, Dorsey named interim CEO30 September 2015: Dorsey appointed chief executive29 November 2021: Parag Agrawal succeeds Dorsey4 April 2022: Musk discloses 9.1 percent stake and is offered a board seat25 April 2022: Merger agreement with Musk at $54.20 a share25 May 2022: $150 million civil penalty over use of contact data8 July 2022: Musk sends notice of termination12 July 2022: Twitter sues Musk in Delaware13 September 2022: Shareholders adopt the merger agreement27 October 2022: Musk completes the acquisitionJune 2023: Linda Yaccarino becomes chief executiveJuly 2023: Twitter rebranded as X18 December 2023: EU opens Digital Services Act proceedings12 July 2024: EU preliminary findings against X14 January 2025: SEC sues Musk over late stake disclosure28 March 2025: xAI acquires X9 July 2025: Yaccarino steps down5 December 2025: EU fines X 120 million euros under the DSA23 January 2026: Lawsuits over Grok image features2 February 2026: SpaceX completes acquisition of xAI and X16 February 2026: DSA fine challenged at EU General Court4 May 2026: SEC proposes consent judgment with Musk trust15 June 2026: SpaceX, parent of X, completes its IPO8 July 2026: Court approves SEC consent judgmentAugust 2026: United States and Ireland seek to join DSA appeal
2006
21 Mar 2006
Start

Twitter born

Twitter says in its IPO prospectus that it was born on March 21, 2006, starting with the idea of sharing short updates of 140 characters.

🇺🇸 San Francisco, CaliforniaTwitter, Inc. via SEC EDGAR#
2007
Apr 2007
Corporate

Incorporated in Delaware

Twitter, Inc. was incorporated in Delaware in April 2007, according to its prospectus.

May 2007
Leadership

Jack Dorsey becomes chief executive

Co-founder Jack Dorsey served as president and chief executive from May 2007 to October 2008 and then became chairman of the board, according to company filings.

· · · 46 months later
2011
Mar 2011
Sanction

FTC privacy order issued

The Federal Trade Commission issued an administrative order against Twitter in March 2011 covering how it protected users' nonpublic information, according to the Justice Department.

· · · 32 months later
2013
6 Nov 2013
Money

IPO priced at $26 a share

Twitter's final prospectus, dated November 6, 2013, offered 70,000,000 shares at $26 each for listing on the New York Stock Exchange under TWTR. It reported more than 230 million monthly active users.

$1.82 billion gross proceeds from 70,000,000 shares at $26, before the underwriters' optionTwitter, Inc. via SEC EDGAR#
· · · 19 months later
2015
11 Jun 2015
Leadership

Costolo to step down, Dorsey named interim CEO

Twitter announced that Richard Costolo would step down as chief executive effective July 1, 2015 and named co-founder Jack Dorsey interim chief executive.

30 Sep 2015
Leadership

Dorsey appointed chief executive

The board appointed Jack Dorsey chief executive, while he continued as chief executive of Square, Inc.

· · · 74 months later
2021
29 Nov 2021
Leadership

Parag Agrawal succeeds Dorsey

Twitter announced that Jack Dorsey was stepping down as chief executive and the board appointed chief technology officer Parag Agrawal to the role.

2022
4 Apr 2022
Money

Musk discloses 9.1 percent stake and is offered a board seat

Elon Musk reported beneficial ownership of 73,115,038 Twitter shares, or 9.1 percent. Twitter agreed the same day to appoint him to its board, subject to a 14.9 percent ownership cap while he served.

25 Apr 2022
Turning point
Corporate

Merger agreement with Musk at $54.20 a share

Twitter signed an agreement to be acquired by entities wholly owned by Elon Musk, with shareholders to receive $54.20 in cash per share.

$54 cash per Twitter share under the merger agreementTwitter, Inc. via SEC EDGAR#
25 May 2022
Settlement

$150 million civil penalty over use of contact data

The Justice Department and FTC announced a proposed settlement requiring Twitter to pay a $150 million civil penalty. The government alleged that from May 2013 to September 2019 Twitter used phone numbers and email addresses collected for account security to help target ads, in violation of the FTC's 2011 order.

8 Jul 2022
Legal step

Musk sends notice of termination

Twitter received a notice of purported termination of the merger agreement from Musk's side and said it would respond.

12 Jul 2022
Legal step

Twitter sues Musk in Delaware

Twitter filed a complaint in the Delaware Court of Chancery seeking an order requiring Musk and his acquisition entities to complete the merger.

🇺🇸 Wilmington, DelawareTwitter, Inc. via SEC EDGAR#
13 Sep 2022
Corporate

Shareholders adopt the merger agreement

At a special meeting, holders of about 59.2 percent of outstanding Twitter shares voted to adopt the merger agreement.

27 Oct 2022
Turning point
Corporate

Musk completes the acquisition

The merger closed, Musk became Twitter's sole director and the prior board members left. Trading in Twitter shares on the NYSE was suspended before the open on October 28, 2022.

2023
Jun 2023
Leadership

Linda Yaccarino becomes chief executive

Linda Yaccarino became chief executive of the company in June 2023, replacing Musk in the role, according to AFP.

Jul 2023
Corporate

Twitter rebranded as X

Twitter was rebranded as X in July 2023, and the Twitter brand was written down in a one time impairment, according to SpaceX's prospectus.

18 Dec 2023
Investigation

EU opens Digital Services Act proceedings

The European Commission opened formal proceedings to assess whether X breached the Digital Services Act on risk management, content moderation, dark patterns, ad transparency and researcher data access.

🇧🇪 BrusselsEuropean Commission#
2024
12 Jul 2024
Finding

EU preliminary findings against X

The Commission told X of its preliminary view that its blue checkmark design deceives users, its advertising repository falls short and it does not give researchers adequate data access.

🇧🇪 BrusselsEuropean Commission#
2025
14 Jan 2025
Legal step

SEC sues Musk over late stake disclosure

The SEC sued Musk, alleging he failed to timely report his more than 5 percent Twitter stake in 2022 and saved at least $150 million at the expense of Twitter shareholders.

28 Mar 2025
Turning point
Corporate

xAI acquires X

xAI completed its acquisition of X Holdings Corp. through a share exchange, according to SpaceX's filings. AFP reported the all stock deal valued the platform at $33 billion.

9 Jul 2025
Leadership

Yaccarino steps down

Linda Yaccarino announced she was stepping down as chief executive of X, AFP reported. The report did not name a successor.

“After two incredible years, I've decided to step down as CEO of 𝕏.”Linda Yaccarino, The Express Tribune
5 Dec 2025
Turning point
Sanction

EU fines X 120 million euros under the DSA

The Commission fined X 120 million euros for breaching Digital Services Act transparency rules through the design of its blue checkmark, its advertising repository and its failure to give researchers access to public data. It was the first non-compliance decision under the DSA. SpaceX's filing says the decision was addressed to X Internet Unlimited Company, X Corp., X.AI Holdings Corp. and Elon Musk.

€120 million Digital Services Act fineEuropean CommissionSpaceX via SEC EDGAR#
2026
23 Jan 2026
Legal step

Lawsuits over Grok image features

Starting on January 23, 2026, lawsuits were filed in federal court in California alleging that Grok image features on X enabled nonconsensual explicit images, according to SpaceX's filing.

2 Feb 2026
Turning point
Corporate

SpaceX completes acquisition of xAI and X

SpaceX completed its acquisition of X.AI Holdings Corp., making xAI and its X platform subsidiaries of SpaceX.

16 Feb 2026
Legal step

DSA fine challenged at EU General Court

X, xAI and Musk challenged the Commission's DSA decision in the General Court of the European Union. The case was pending as of SpaceX's October 2026 filing.

🇱🇺 LuxembourgSpaceX via SEC EDGAR#
4 May 2026
Settlement

SEC proposes consent judgment with Musk trust

The SEC added Musk's revocable trust as a defendant and filed a proposed consent judgment for a $1.5 million civil penalty, without admission or denial, after which it said it would dismiss Musk personally.

$1.5 million proposed SEC civil penaltyUS Securities and Exchange Commission#
15 Jun 2026
Money

SpaceX, parent of X, completes its IPO

SpaceX closed its initial public offering on June 15, 2026, selling 638.9 million Class A shares at $135 each, including the underwriters' option, and listed on Nasdaq under SPCX. X is part of its Super Intelligence segment, according to its filings.

8 Jul 2026
Ruling

Court approves SEC consent judgment

US District Judge Sparkle Sooknanan approved the consent judgment ending the SEC case, according to Bloomberg.

“In approving the parties' proposed consent judgment, the court stresses that its role is limited”Judge Sparkle Sooknanan, as quoted by Bloomberg, CPA Practice Advisor
Aug 2026
Legal step

United States and Ireland seek to join DSA appeal

In July and August 2026, applications to intervene in the General Court case were filed by parties including the United States, Ireland, NetChoice and several civil society groups, according to SpaceX's filing.

🇱🇺 LuxembourgSpaceX via SEC EDGAR#

Related timelines

Sources

22 records, ranked by type
  1. 1Subject's own statement7 Nov 2013
    Twitter, Inc. final prospectus (Form 424B4)
    Twitter, Inc. via SEC EDGAR · sec.gov
  2. 2Subject's own statement11 Jun 2015
    Twitter, Inc. Form 8-K, CEO transition
    Twitter, Inc. via SEC EDGAR · sec.gov
  3. 3Subject's own statement5 Oct 2015
    Twitter, Inc. Form 8-K, appointment of Jack Dorsey as CEO
    Twitter, Inc. via SEC EDGAR · sec.gov
  4. 4Subject's own statement29 Nov 2021
    Twitter, Inc. Form 8-K, Jack Dorsey steps down and Parag Agrawal appointed CEO
    Twitter, Inc. via SEC EDGAR · sec.gov
  5. 5Subject's own statement5 Apr 2022
    Schedule 13D filed by Elon Musk for Twitter, Inc.
    Elon Musk via SEC EDGAR · sec.gov
  6. 6Subject's own statement5 Apr 2022
    Twitter, Inc. Form 8-K, letter agreement with Elon Musk
    Twitter, Inc. via SEC EDGAR · sec.gov
  7. 7Subject's own statement26 Apr 2022
    Twitter, Inc. Form 8-K, Agreement and Plan of Merger
    Twitter, Inc. via SEC EDGAR · sec.gov
  8. 8Subject's own statement11 Jul 2022
    Twitter, Inc. Form 8-K, notice of purported termination
    Twitter, Inc. via SEC EDGAR · sec.gov
  9. 9Subject's own statement13 Jul 2022
    Twitter, Inc. Form 8-K, complaint filed in Delaware Court of Chancery
    Twitter, Inc. via SEC EDGAR · sec.gov
  10. 10Subject's own statement14 Sep 2022
    Twitter, Inc. Form 8-K, special meeting results
    Twitter, Inc. via SEC EDGAR · sec.gov
  11. 11Subject's own statement31 Oct 2022
    Twitter, Inc. Form 8-K, completion of merger
    Twitter, Inc. via SEC EDGAR · sec.gov
  12. 12Government document25 May 2022
    Twitter Agrees With DOJ And FTC To Pay $150 Million Civil Penalty And To Implement Comprehensive Compliance Program
    US Attorney's Office, Northern District of California · justice.gov
  13. 13Government document18 Dec 2023
    Commission opens formal proceedings against X under the Digital Services Act (IP/23/6709)
    European Commission · ec.europa.eu
  14. 14Government document12 Jul 2024
    Commission sends preliminary findings to X for breach of the Digital Services Act (IP/24/3761)
    European Commission · ec.europa.eu
  15. 15Subject's own statement22 Oct 2026
    Space Exploration Technologies Corp. Form 10-Q for the quarter ended September 30, 2026
    SpaceX via SEC EDGAR · sec.gov
  16. 16Subject's own statement12 Jun 2026
    Space Exploration Technologies Corp. final prospectus (Form 424B4)
    SpaceX via SEC EDGAR · sec.gov
  17. 17News report9 Jul 2025
    X CEO Linda Yaccarino steps down after two years (AFP)
    The Express Tribune · tribune.com.pk
  18. 18Official record14 Jan 2025
    SEC Files Complaint Against Elon Musk for Violating Beneficial Ownership Reporting Requirements (LR-26219)
    US Securities and Exchange Commission · sec.gov
  19. 19Official record4 May 2026
    SEC Amends Complaint and Files Proposed Final Judgment Against Trust (LR-26548)
    US Securities and Exchange Commission · sec.gov
  20. 20News report9 Jul 2026
    U.S. judge allows SEC Musk deal despite significant misgivings (Bloomberg)
    CPA Practice Advisor · cpapracticeadvisor.com
  21. 21Government document5 Dec 2025
    Commission fines X 120 million euros under the Digital Services Act (IP/25/2934)
    European Commission · ec.europa.eu
  22. 22Subject's own statement15 Jun 2026
    Space Exploration Technologies Corp. Form 8-K, closing of initial public offering
    SpaceX via SEC EDGAR · sec.gov

Last updated 31 October 2026. Spotted an error? See corrections. Every event links to the record it comes from. Allegations are attributed to whoever made them.