If you have been tracking the retail stock market over the last few years, you have likely run into the ticker INPX. Once a favorite among day traders and penny stock enthusiasts, Inpixon (formerly traded as INPX on the NASDAQ) was known for its high volatility, cutting-edge "Indoor Intelligence" technology, and a history of corporate restructuring. However, if you search for inpx stock on your broker's platform today, you will find that the ticker is no longer active.
So, what actually happened to INPX stock? Where did the company go, why did the ticker change, and what does this mean for retail investors who still hold shares or are looking to invest?
To understand the current status of your investment, we have to look at a series of massive corporate maneuvers, including a transformational merger in 2024, a series of reverse stock splits, and a highly strategic divestiture in early 2026 that officially took the Inpixon operating business private. This comprehensive guide will untangle the complicated history of INPX stock, explain the transition to its successor ticker, and outline where the underlying business stands today.
1. The Turbulent History of Inpixon and the INPX Ticker
Before its eventual disappearance from the public markets, Inpixon was a technology company specializing in Real-Time Location Systems (RTLS). Headquartered in Palo Alto, California, with major operations in Germany and around the world, the company developed "Indoor Intelligence" solutions. This technology relied on radio frequency sensors (including Ultra-Wideband, Chirp, Bluetooth Low Energy, and GPS) to map physical indoor spaces, track assets, manage corporate workflows, and enhance security in industrial environments like manufacturing plants and warehouses.
While the underlying technology was highly innovative, the public stock, inpx stock, had an incredibly volatile history on the NASDAQ. To understand why historical charts for Inpixon show stock prices that seemingly reached hundreds of millions of dollars per share in the distant past, you have to look at the company's frequent use of reverse stock splits.
The Math Behind Inpixon's Stock Splits
NASDAQ listing rules require companies to maintain a minimum bid price of $1.00 per share. When a stock falls below this threshold for an extended period, it faces delisting. To remain compliant, Inpixon’s management repeatedly resorted to reverse stock splits.
Over its lifespan, the stock underwent an astonishing eight reverse stock splits:
- June 3, 2011: 1-for-20 reverse split
- April 9, 2014: 1-for-2 reverse split
- March 1, 2017: 1-for-15 reverse split
- February 6, 2018: 1-for-30 reverse split
- November 2, 2018: 1-for-40 reverse split
- January 7, 2020: 1-for-45 reverse split
- October 7, 2022: 1-for-75 reverse split
- March 13, 2024: 1-for-100 reverse split
To put the cumulative effect of these splits into perspective: if you had purchased one share of Inpixon prior to June 2011, by the time of its final split in March 2024, that single share would have been consolidated into roughly 4.11 billionths of a single share today. This continuous dilution and consolidation are why historical charts display artificially inflated past prices, illustrating the immense capital destruction that early retail investors experienced.
Despite these struggles, the company remained a highly followed ticker due to its underlying intellectual property and various acquisition rumors. But by early 2024, the legacy structure of Inpixon was about to change forever.
2. The March 2024 Merger: How INPX Became XTIA
The definitive turning point for inpx stock occurred on March 12, 2024. On this day, Inpixon completed a long-anticipated business combination with XTI Aircraft Company.
XTI Aircraft was an aviation innovator focused on developing the TriFan 600—a revolutionary vertical takeoff and landing (VTOL) crossover airplane designed to combine the speed and comfort of a business aircraft with the point-to-point convenience of a helicopter.
The Mechanics of the Merger
To facilitate the merger and satisfy NASDAQ's listing requirements for the combined company, Inpixon implemented several major structural changes:
- Reverse Stock Split: Immediately prior to the transaction closing, Inpixon executed its eighth and final 1-for-100 reverse stock split. Every 100 shares of legacy INPX stock were consolidated into a single share.
- Name Change: The corporate entity changed its name from Inpixon to XTI Aerospace, Inc.
- Ticker Change: At the market open on March 13, 2024, the legacy ticker INPX was retired. The combined company began trading on the NASDAQ under the new ticker symbol XTIA.
Following this merger, the business was split into two primary segments: the newly acquired aerospace division developing the TriFan 600, and the legacy Inpixon RTLS positioning technology business. Retail investors who held INPX shares woke up to find their ticker replaced by XTIA and their share count reduced by a factor of 100.
3. The 2026 Strategic Divestiture: Inpixon Goes Completely Private
For a brief period between 2024 and early 2026, the legacy "Inpixon" RTLS business lived on as an operating division within the publicly traded XTI Aerospace (XTIA) umbrella. However, as the drone and aerospace sectors experienced explosive growth, XTIA's management realized they needed a more streamlined focus.
In November 2025, XTI Aerospace made a transformational pivot by acquiring Drone Nerds LLC, a massive, revenue-generating enterprise drone solutions platform in the United States. With Drone Nerds in the fold, XTIA's leadership decided to concentrate their capital and executive attention entirely on unmanned aircraft systems (UAS) and vertical flight technologies. The legacy indoor positioning business was no longer aligned with this core direction.
The Sale of Inpixon GmbH
On February 3, 2026, XTI Aerospace finalized a deal to divest its entire RTLS division. The company transferred all shares of Inpixon GmbH (and its subsidiaries, Aware RTLS, Inc. and IntraNav GmbH) to EVO 467. GmbH, a German investor group backed by technology private equity firms Texentium and Fyrish Ventures.
- The Price Tag: The divestiture was valued at EUR 4.64 million (approximately USD $5.48 million).
- The Separation: This transaction completely detached the Inpixon operating business from the public markets.
- New Private Leadership: Following the acquisition, the newly independent, privately-held Inpixon appointed global product leader David Almström as its Chief Executive Officer. Under Almström's leadership, the company shifted to a highly focused, product-driven execution model centered on industrial factory tracking and advanced spatial AI.
Inpixon's Post-Stock Success
Freed from the distractions of the public stock market and NASDAQ compliance pressures, the private Inpixon has thrived. In early 2026, the company gained major industry recognition for askPixi, an agentic AI system designed for intralogistics and manufacturing shop floors. Developed in partnership with industrial giants like Siemens Energy, askPixi bridges the gap between ERP planning and physical real-time location tracking. The solution won the 2025 AI in IoT Excellence Award and was inducted into the Microsoft Intelligent Manufacturing Award (MIMA) Champions Circle in 2026.
The key takeaway for investors: As of today, the actual company called "Inpixon" is a healthy, growing, privately-held enterprise technology business led by David Almström. However, it is no longer a public company, and you cannot buy "Inpixon stock" directly under any ticker.
4. What Happened to Your INPX Shares? (A Guide for Legacy Holders)
If you purchased inpx stock years ago and have left it untouched in a brokerage account, you might be wondering what your portfolio looks like now. Here is a clear, step-by-step breakdown of what happened to those shares:
Step 1: The 1-for-100 Consolidation
When the merger with XTI Aircraft closed on March 12, 2024, a 1-to-100 reverse stock split took place.
- If you owned 10,000 shares of INPX before the split, your brokerage automatically consolidated those into 100 shares.
- Fractional shares resulting from the split were generally rounded up or liquidated for cash, depending on your broker's policy.
Step 2: The Conversion to XTIA
Simultaneously, your broker swapped your consolidated shares over to the new ticker symbol. Your 100 shares of INPX became 100 shares of XTIA (XTI Aerospace, Inc.).
Step 3: What Happened After the 2026 Divestiture?
When XTI Aerospace divested the legacy Inpixon RTLS business to private equity in February 2026, the sale did not result in a stock distribution or spin-off shares for XTIA stockholders. XTIA sold the Inpixon subsidiary for cash to pay down debt, fund drone development, and streamline operations.
Therefore, if you owned INPX shares in the past, you now own shares of XTIA. You do not own any equity in the private Inpixon GmbH. Your investment is tied directly to the success or failure of XTI Aerospace and its drone operations.
5. XTIA Stock Today: Is the Inpixon Successor a Buy?
Because the legacy INPX equity evolved directly into XTIA stock, any forward-looking investment analysis of the old "Inpixon stock" must actually focus on XTI Aerospace, Inc. (NASDAQ: XTIA).
As of mid-2026, XTIA is trading around $1.87 per share with a market capitalization of approximately $73.3 million. Let's analyze whether this successor stock represents a viable investment opportunity.
The Core Business Model: Drone Nerds and VTOL
XTIA is no longer an indoor tracking software business. Today, it is an aerospace and unmanned aerial systems (UAS) player. The company operates two main divisions:
- Drone Nerds LLC (The Cash Cow): Acquired in late 2025, Drone Nerds is a massive distributor and enterprise integrator of commercial, government, and public safety drone solutions. This division generates substantial revenue by supplying and maintaining fleet drone systems for infrastructure inspection, agricultural monitoring, and domestic security.
- XTI Aircraft Division: This segment is still actively designing and developing the TriFan 600, aiming to disrupt regional private aviation and air taxi industries with its vertical takeoff capabilities.
Current Financial Performance
XTIA’s financial reports from the first quarter of 2026 show a dramatic shift in the company's financial health compared to the chronically unprofitable legacy Inpixon days. Because the old RTLS segment has been divested, Inpixon’s historic losses are now accounted for under "discontinued operations," leaving a much cleaner balance sheet:
- Q1 2026 Revenue: XTIA reported a solid $27.7 million in revenue, driven heavily by its Drone Nerds business.
- Gross Profit: The company pulled in $5.1 million in gross profit, representing an 18.6% gross margin.
- JPMorgan Credit Line: In February 2026, XTIA secured a $20 million Asset-Based Lending (ABL) facility with JPMorgan Chase, providing the company with substantial liquidity to fund its growth.
- Path to Profitability: Executive management has issued positive guidance for the remainder of 2026, projecting full-year revenues of $160 million or greater and aiming to reach breakeven cash flow in the third quarter of 2026.
The Investment Verdict
For investors who previously wrote off inpx stock as a struggling micro-cap penny stock, XTIA represents a completely redesigned company. The integration of Drone Nerds provides a real, high-volume revenue stream, and the divestiture of the German RTLS business has drastically cut down overhead and operating costs.
However, risks remain. Developing a new aircraft like the TriFan 600 is highly capital-intensive and subject to strict FAA regulations. While the enterprise drone business is stable and growing, the company will need to execute flawlessly to meet its cash-flow-positive guidance later this year. For risk-tolerant investors looking for exposure to the booming commercial drone market and advanced aviation tech, XTIA is an intriguing, restructured speculative play.
6. Frequently Asked Questions (FAQs)
Is INPX stock still trading?
No, INPX stock is no longer actively trading on the NASDAQ or any other public exchange. The ticker was retired on March 13, 2024, following a merger with XTI Aircraft Company.
What is the new ticker symbol for Inpixon?
The successor ticker symbol for Inpixon is XTIA (XTI Aerospace, Inc.). If you held shares of INPX prior to March 2024, they were automatically converted into XTIA shares in your brokerage account at a 1-for-100 ratio.
Can I buy stock in the private Inpixon company today?
No, you cannot. Inpixon GmbH was divested by XTI Aerospace on February 3, 2026, and purchased by a private group of European investors led by Texentium and Fyrish Ventures. The company operates as an independent private entity under CEO David Almström and does not have publicly traded shares.
How many times did Inpixon split its stock?
Inpixon had a highly unusual history of eight reverse stock splits during its life as a public company to maintain NASDAQ compliance. The splits occurred in 2011, 2014, 2017, two in 2018, 2020, 2022, and the final split in March 2024.
What does the successor company, XTI Aerospace, do now?
XTI Aerospace (XTIA) is focused on commercial unmanned aircraft systems (drones) and advanced vertical aviation. Its main operating subsidiary, Drone Nerds LLC, is a major enterprise drone distributor, while its aerospace division is developing the TriFan 600 vertical takeoff plane.
Conclusion
The story of inpx stock is a fascinating case study in corporate adaptation and survival. While the legacy public ticker INPX has faded away, the underlying corporate tree has split into two very different, promising paths.
For legacy retail shareholders, your capital has been rolled into XTIA, an aerospace tech company that is currently achieving record-high revenues and closing in on cash-flow profitability. Meanwhile, the original "Inpixon" location intelligence business has found a second life in Germany as a private enterprise. Led by David Almström, the private Inpixon is currently picking up awards for its industrial artificial intelligence solutions.
When evaluating this stock today, remember that the old penny-stock dynamics of Inpixon are gone. In their place is a modernized, revenue-focused drone and aerospace business that demands an entirely new analysis from forward-thinking investors.
