Elon Musk has created Three Holding companies in his attempt to Acquire Twitter

According to documents filed with the Securities and Exchange Commission (SEC) on Wednesday, the Chief Executive Officer of Tesla, Elon Musk created three separate holding companies in his attempt to acquire the microblogging platform-Twitter, The companies are named X Holdings I, II, and III, and two filings to the SEC indicates that all the companies have been established to acquire or merge with Twitter, "directly or indirectly." The filings all referred to the plan as "Project X." Last week, the World’s Richest Man offered to acquire Twitter's outstanding stock at $54.20 per share valuing the company at roughly around $43 billion.

On Thursday, the CEO of SpaceX told that he has secured $46.5 billion in financing commitments for his desired acquisition of Twitter. Twitter's board has resisted Musk's proposed takeover, devising a "poison pill" defense that the board told would "protect stockholders from coercive or otherwise unfair takeover tactics." In a 2020 tweet, Musk expressed enthusiasm for the idea of bringing his companies under one parent company called "X" Musk later said, "Tesla is a publicly traded company and the investor base of Tesla and SpaceX, and certainly Boring Company and Neuralink, are quite different.”