US Stock Market: Regulatory Filing Shows Elon Musk Owns 48.4% of SpaceX
- On Thursday, a regulatory filing showed that Elon Musk, CEO of SpaceX, held a 48.4% stake in the company as of June 30, valuing his holding at more than $900 billion at current market prices.
- SpaceX went public on June 12 following a record-setting IPO that raised $85.7 billion, vaulting the company's market capitalization past $2 trillion.
- Musk maintains more than 82% of voting power since the IPO and exercises sole voting and dispositive power over 6.42 billion shares, the filing showed.
- SpaceX shares have jumped 30% so far in August, rebounding sharply after falling nearly 33% through the end of July following lockup restrictions expiring.
- Earlier this month, SpaceX posted its first quarterly earnings since market debut, reporting a more than 90% jump in revenue and exponential capital spending increases.
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The Economic Times
Times of IndiaUS Stock Market: Regulatory filing shows Elon Musk owns 48.4% of SpaceX
Elon Musk owns a 48.4% stake in SpaceX, according to a regulatory filing, giving him more than 82% of the companys voting power. His holding is valued at over $900 billion, highlighting his dominant control over the space and AI-focused company.
The share package of the tech billionaire and Tesla boss is currently worth more than 900 billion dollars.
Elon Musk Makes Steve Ballmer's Net Worth In A Week As SpaceX Soars
The post Elon Musk Makes Steve Ballmer’s Net Worth In A Week As SpaceX Soars appeared first on 24/7 Wall St.. Steve Ballmer’s entire fortune, built over four-plus decades as Microsoft (NASDAQ:MSFT)’s second employee, its CEO from 2000 to 2014, and now its largest individual shareholder, sits at $172 billion. Elon Musk made roughly that much in about a week as shares of SpaceX (NASDAQ:SPCX) rebounded from a post-earnings selloff into a full-blown…
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