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'X' was launched in 1993 by Dr. Simon King, a British researcher at the University of Minnesota with help from students and researchers at universities around the world. It initially operated as a volunteer-based collective, and started life as a simple IRC bot. It was soon made available via Gopher as well, and with the advent of the Mosaic web browser in April 1993 became one of the earliest content web sites on the Internet. While a company, 'X' Ltd, was formed in 1996, 'X' remained essentially a volunteer run operation until late 1999 and was not fully staffed until late 2000. The site was entirely reliant on contributions from avid fans around the world who spent many hours compiling stats and contributing them to 'X's comprehensive archive. In 2006,'X's estimated worth was $150 million.

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