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.
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.
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.
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.
Twitter, Inc. was incorporated in Delaware in April 2007, according to its prospectus.
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.
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.
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.
Twitter announced that Richard Costolo would step down as chief executive effective July 1, 2015 and named co-founder Jack Dorsey interim chief executive.
The board appointed Jack Dorsey chief executive, while he continued as chief executive of Square, Inc.
Twitter announced that Jack Dorsey was stepping down as chief executive and the board appointed chief technology officer Parag Agrawal to the role.
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.
Twitter signed an agreement to be acquired by entities wholly owned by Elon Musk, with shareholders to receive $54.20 in cash per share.
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.
Twitter received a notice of purported termination of the merger agreement from Musk's side and said it would respond.
Twitter filed a complaint in the Delaware Court of Chancery seeking an order requiring Musk and his acquisition entities to complete the merger.
At a special meeting, holders of about 59.2 percent of outstanding Twitter shares voted to adopt the merger agreement.
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.
Linda Yaccarino became chief executive of the company in June 2023, replacing Musk in the role, according to AFP.
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.
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.
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.
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.
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.
Linda Yaccarino announced she was stepping down as chief executive of X, AFP reported. The report did not name a successor.
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.
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.
SpaceX completed its acquisition of X.AI Holdings Corp., making xAI and its X platform subsidiaries of SpaceX.
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.
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.
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.
US District Judge Sparkle Sooknanan approved the consent judgment ending the SEC case, according to Bloomberg.
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.
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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.