Elon Musk’s stake in Space Exploration Technologies Corp., better known as SpaceX, is now valued at nearly $906.9 billion based on the company’s latest share price, highlighting the enormous value of his holdings following the company’s blockbuster public debut.
Musk held a 48.4% stake in SpaceX as of June 30, according to a regulatory filing released Thursday. The filing shows that Musk has sole voting and dispositive power over roughly 6.42 billion shares, giving him significant control over the company.
But Musk has pointed out that the headline ownership figure does not necessarily reflect how much of his stake is fully vested.
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“A bunch of it only vests on extremely crazy good outcomes for SpaceX, so actual full vested percentage is lower,” Musk said in a post on X on August 13.
The filing provides a breakdown of Musk’s holdings. It includes about 849.5 million Class A shares held through trusts where Musk serves as a trustee, as well as approximately 3.92 billion Class B shares held by those trusts. Musk also directly holds around 1.30 billion restricted Class B shares and has options covering another 350 million Class B shares.
That structure gives Musk considerable influence over SpaceX. Despite holding less than half of the company’s economic equity, he controls more than 82% of its voting power.
The disclosure comes after SpaceX made its much-anticipated debut on the public market. The company went public on June 12 in a record-setting initial public offering that raised $85.7 billion. The IPO briefly pushed SpaceX’s market capitalization above $2 trillion, putting the company among the world’s most valuable businesses.
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The stock has continued to see movement since its debut. SpaceX shares closed at $141.29, down 3.33%, while shares were trading at $142.06 overnight, up 0.54%. Over the past month, the stock has gained 3.83%, according to Benzinga Pro.
Musk’s SpaceX holdings are closely watched because the company has grown into one of the most valuable private-to-public technology and aerospace businesses. The filing also shows how Musk can maintain substantial control over the company even without owning a majority of its economic interest.
The distinction between economic ownership and voting control is particularly important in Musk’s case. While nearly half of SpaceX’s economic equity is tied to his holdings, the voting structure gives him far greater influence over corporate decisions.