Elon Musk’s stake in Space Exploration Technologies Corp (NASDAQ:SPCX) is valued at nearly $906.9 billion based on the company’s latest share price.

Elon Musk Holds 48.4% of SpaceX

Musk held a 48.4% stake in SpaceX as of June 30, according to a regulatory filing on Thursday, giving him sole voting and dispositive power over 6.42 billion shares.

However, Musk pushed back on X, pointing out that some of the shares included in the calculation are subject to vesting conditions.

"A bunch of it only vests on extremely crazy good outcomes for SpaceX, so actual full vested percentage is lower," Musk said.

The filing includes about 849.5 million Class A shares held through trusts where Musk is a trustee, 3.92 billion Class B shares held by those trusts, 1.30 billion restricted Class B shares held directly by Musk and options covering another 350 million Class B shares.

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Musk Still Controls More Than 82% of SpaceX Votes

Despite owning less than half of SpaceX’s economic equity, Musk retains more than 82% of the company’s voting power.

SpaceX went public June 12 in a record-setting IPO that raised $85.7 billion and briefly pushed its market capitalization above $2 trillion.

Price Action: SpaceX shares closed at $141.29, down 3.33% and were trading at $142.06, up 0.54%, overnight. In the past month, SpaceX shares are up 3.83%, according to Benzinga Pro.

Benzinga Edge Stock Rankings indicate that SpaceX remains in a positive price trend across the short, medium and long term.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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