A New SEC Filing Reveals Exactly How Many Shares of SpaceX Elon Musk Owns. Here's Why It Matters.
Musk owns nearly half of SpaceX, but his voting power is even more significant.
Overview
The Space Exploration Technologies (NASDAQ: SPCX) IPO officially made Elon Musk a trillionaire. The SpaceX founder owns a substantial stake in the business, as well as a good chunk of the other trillion-dollar company he runs, Tesla (NASDAQ: TSLA). The two stock holdings have a combined worth of around $1 trillion, depending on what the market thinks of each stock on any given day.
Recent SEC filings revealed exactly how many shares of SpaceX Musk currently owns. That number is very important for investors in both of Musk's publicly traded companies, especially as the CEO pushes to merge the two into a single entity. Here's what the filings revealed and what it means for investors.
Image source: The White House.
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Originally published at www.fool.com.