Elon Musk reveals he holds a 48.4% stake in SpaceX and controls 82% of the voting rights.

Regulatory documents reveal that Elon Musk holds 6.42 billion shares of SpaceX, representing a 48.4% stake worth over $9 billion, and controls more than 82% of the voting rights even after the company went public.

On August 14, 2569 at 05.49:XNUMX a.m., Reuters reported that Elon Musk, the billionaire founder of SpaceX. He revealed that he held a 48.4% stake in SpaceX as of June 30, 2569, valued at more than $900,000 billion based on current market share price, according to documents filed with regulators on Thursday (August 13).

This revelation reflects Elon Musk's continued immense power over SpaceX, even after the company went public. Since its initial public offering (IPO), Musk has held more than 82% of the company's voting rights.

SpaceX, which operates businesses ranging from rockets and space to AI technology, went public on June 12, 2569, through a historic IPO that raised $8.57 billion, propelling the company's market capitalization above $2 trillion. The company's value subsequently declined as investor hype subsided.

Documents submitted to regulatory authorities. specify that Elon Musk holds approximately 6.42 billion shares in SpaceX and has sole voting and decision-making power regarding those shares.

Elon Musk's stock holdings consist of several types, including 849.5 million Class A shares held through trusts managed by Musk, 3.92 billion Class B shares held through the same trusts, and 1.30 billion restricted Class B shares held directly by Musk. In addition, there are 350 million Class B shares eligible for stock options.

This ownership structure means that although Elon Musk holds a 48.4% economic stake, he still controls more than 82% of the voting rights, giving him significant influence over the direction and key decisions of SpaceX.

SpaceX stock has faced significant volatility since its IPO, with the stock falling nearly 33% by the end of July as initial public offering (IPO) hype subsided.

However, the situation began to turn around in August, with SpaceX shares surging approximately 30% since the beginning of the month after the company released its quarterly earnings and the first of several lockup periods ended.

In early August, SpaceX reported its first quarterly earnings since going public. The company revealed that revenue increased by more than 90%, while capital expenditure increased dramatically, reflecting accelerated investment to support business expansion, particularly in the Starlink satellite business and related infrastructure.

The latest disclosure of shareholding proportions reinforces the fact that even as SpaceX becomes a public company and attracts more external investors, its stake remains relatively stable. But Musk remains the largest shareholder and holds absolute control of the company through his voting rights, which exceed 82%.

refer : www.reuters.com

Read news related to All situations around the world can be found here.