Space Exploration Technologies Corp. Class A Common StockMusk's control and stake disclosure, with stock volatility and strong results, has mixed implications for SpaceX.

Elon Musk disclosed that he held a 48.4% stake in SpaceX as of June 30, 2026, worth more than 900 billion dollars, according to a regulatory filing on Thursday, August 13. Musk held roughly 6.42 billion shares in total and had sole power to vote and make decisions on those shares. Although SpaceX went public on June 12, 2026 through an initial public offering that raised 85.7 billion dollars, and its market value soared above 2 trillion dollars, Musk still commands more than 82% of voting rights through multiple share classes: 849.5 million Class A shares held through a trust, another 3.92 billion Class B shares held through that trust, 1.30 billion restricted Class B shares held directly, and another 350 million Class B shares obtainable through stock options. The disclosure underscores that Musk remains the largest shareholder with absolute control of the company, even as SpaceX shares have swung sharply since listing, falling nearly 33% through the end of July before surging about 30% in August after the company reported its first quarterly results, with revenue up more than 90% and capital spending rising sharply to support the expansion of its Starlink satellite business.
Space Exploration Technologies Corp. Class A Common StockMusk's control and stake disclosure, with stock volatility and strong results, has mixed implications for SpaceX.