A360
Key Takeaways✦ Atlas AI
01
Musk controls 6.42 billion SpaceX shares.
02
IPO projected to raise $75 billion.
03
Antonio Gracias holds 503.4 million shares.
Atlas AI
Elon Musk holds a controlling stake in SpaceX, possessing over 6.42 billion shares, significantly more than any other individual or entity, according to recent filings. This ownership structure positions Musk to be the primary beneficiary of the company's anticipated Initial Public Offering (IPO). The IPO is projected to raise $75 billion, valuing SpaceX at $1.7 trillion post-money.
Musk's holdings include approximately 850 million Class A shares, each carrying one vote, and nearly 5.6 billion Class B shares, which grant ten votes per share. This dual-class share structure ensures his continued control over the company's strategic direction. A portion of his Class B shares, specifically one billion, are contingent upon a future milestone of one million people residing on Mars.
Beyond Musk, a select group of individuals with close ties to him also hold substantial stakes. Antonio Gracias, an investor and board member, holds over 503.4 million shares. Gracias, founder and CEO of Valor Management, has a history of involvement with Musk's ventures, including serving on Tesla's board. These 5% shareholders are positioned to gain significantly from a successful IPO and subsequent stock performance.
