I took my X5 to the dealer to show them my damage and they fixed it for about $200. They filled it with metal and repainted it and it looks just like factory. I also got them to give me a spare to drive on while they fix my wheel.

I will post pictures of the fixed wheel later. The pics are also a comparison of 2 X5 wheels.
Pics of my car with the spare (back)






Before I got it fixed. There were about 4 chips like this one.