The X-ray Evidence that the 51 Peg Companion is a Planet51 Pegasi is a nearby G2-3 V star, which is similar to the Sun. Observers have recently detected and confirmed that 51 Pegasi has sinusoidal radial velocity variations with a period of 4.2 days and amplitude of 59 m/s. The radial velocity, if due to orbital motion around the system center-of-mass, implies a minimum companion mass of 0.47 Jupiter masses, which results from the assumption that the inclination angle of ths system is 90(sup 0) from the line of sight. We argue that the X-ray luminosity on the 51 Peg system implies that the unseen companion is a planet, independent of any assumption about the inclination angle.