Whereas there are some shocking revelations in SpaceX’s S-1 because it will get able to grow to be a public firm, Elon Musk’s whole management of the corporate maybe isn’t one in every of them.
I may argue that the oddball provision the place Elon Musk will get as much as a billion extra shares so as to add to his already outsized, company-controlling cache as soon as one million persons are residing on Mars (sure, actually), is probably probably the most jaw-dropping. It’s also pretty unserious. Musk controls and might vote these shares now, by the way in which.
However even a billion additional super-voting rights shares are immaterial on this firm’s setup as a result of Musk is, by miles, the most important shareholder within the firm.
He owns just below 850 million Class A shares, entitled to 1 vote per share, and one other practically 5.6 billion Class B shares, entitled to 10 votes per share. That features the billion shares contingent on one million folks residing in a SpaceX company-town colony on Mars.
Sci-fi situations apart, there are a handful of people that stand to learn most ought to the SpaceX IPO be a hit and the inventory proceed to do effectively sooner or later: the 5% shareholders. These are the individuals who maintain no less than 5% of the corporate.
Whereas the corporate has not but stated what number of shares it can promote or at what worth, the whisper quantity on the road is that this IPO will increase a whopping $75 billion, with a post-money valuation of $1.7 trillion. At these numbers, even a 1% stake is price $17 billion.
Right here’s the rundown of who owns what.
Elon Muskfounder, CEO, CTO and chairman. Whole SpaceX inventory holdings: simply over 6.42 billion shares.
Antonio Thanksinvestor and board member. Whole SpaceX inventory holdings: simply over 503.4 million shares
Gracias is founder and CEO and of Valor Administration and a long-time Musk good friend, pro-Musk board member and financier. He was on Tesla’s board from its startup days via the years after its IPO. He was additionally a board member of Musk’s photo voltaic firm Photo voltaic Metropolis throughout its controversial sale to Tesla. He’s backed and held board roles for Musk’s Neuralink, together with The Boring Firm. He was additionally among the many financiers that agreed to fund Musk’s failed attempted hostile takeover of OpenAI for $97 billion in early 2025.
Luke Nosekinvestor and board member. Whole SpaceX inventory holdings: practically 33 million shares.
Nosek is a co-founder of enterprise funding agency Gigafund, and a fellow PayPal mafia member. Nosek joined Peter Thiel at Founders Fund throughout its early days and led Founders first funding into House X. He took a board seat, then, and has been on the board ever since. Gigafund additionally backs different Musk corporations, The Boring Firm and Neuralink.
Gwynne ShotwellSpaceX COO. Whole SpaceX inventory holdings: practically 12.6 million shares.
Shotwell has been with SpaceX since 2002, and COO since since 2008. She’s the aerospace engineer genius that runs day-to-day operations. In one other age, with totally different majority founder, somebody like Shotwell would have been granted co-founder standing, and certain have an even bigger stake within the firm. Nonetheless, it’s arduous to name her underpaid. As an example, in 2025, she obtained a big tranche of restricted inventory items, bringing her whole compensation to $85.8 million that yr.
Bret JohnsonCFO. Whole SpaceX inventory holdings: practically 9.6 million shares.
Bret Johnsen has been SpaceX’s CFO since 2011. Previous to SpaceX he held CFO and financier roles within the semiconductor business.
Ira Ehrenpreisinvestor and board member. Whole SpaceX inventory holdings: 809,050 shares.
Ehrenpreis is a founder and managing member of VC agency DBL Partnershas. He’s been on the SpaceX board
since February 2026 and can also be on Tesla’s board.
Randy Gleininvestor, board member. Whole SpaceX inventory holdings: 277,800 shares.
Glein is co-founder and managing associate of DFJ Progress.
And round 400 different VCs. SpaceX has raised round $30 billion in non-public capital thus far from lots of of buyers, in accordance Pitchbook estimates. Not one of the others have a stake sufficiently big to be reported, though, once more, even a small share of the corporate must be price billions on the debut.
The corporate did, nevertheless, share the costs that these buyers paid for his or her shares. Collection A buyers paid $1 per share. Collection F buyers paid $7.50 and the ultimate buyers, in Collection N, paid $270 a share.
Once you buy via hyperlinks in our articles, we may earn a small commission. This doesn’t have an effect on our editorial independence.
