Elon Musk Owns 48.4% of SpaceX, a New Filing Shows. Here's Why That Matters for Everyone Else Holding the Stock.
Musk has total control over the company's future.
Overview
Elon Musk, the founder and CEO of SpaceX (NASDAQ: SPCX), held a 48.4% stake in the company as of June 30, according to a recent regulatory filing. Let's see what that massive position -- which is worth about $860 billion as of this writing -- means for its other investors.
Musk holds 6.42 billion shares of SpaceX. That includes 849.5 million Class A shares and 3.92 billion Class B shares held by trusts in which Musk is a trustee; 1.30 billion restricted Class B shares directly held by Musk; and 350 million Class B shares tied to stock options.
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Originally published at www.fool.com.
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