SEC filing shows Musk held 48.4% stake in SpaceX

Elon Musk held a 48.4% stake in SpaceX as of June 30, according to a regulatory filing that showed he had sole voting and dispositive power over 6.42 billion shares. Based on the company's latest share price, that stake was valued at nearly $906.9 billion, while Musk still controlled more than 82% of SpaceX's voting power despite owning less than half of its economic equity. The filing said Musk's holdings included 849.5 million Class A shares held through trusts where he is a trustee, 3.92 billion Class B shares held by those trusts, 1.30 billion restricted Class B shares held directly by him and options covering another 350 million Class B shares. Musk said on X that the reported ownership overstates his fully vested position because some shares remain subject to demanding vesting conditions. SpaceX went public on June 12 in an IPO that raised $85.7 billion and briefly pushed its market capitalization above $2 trillion. Its shares closed at $141.29, down 3.33%, and later traded at $142.06, up 0.54%, with the stock up 3.83% over the past month.