How Much SpaceX Stock Elon Musk Really Owns, and When Can He Sell?
Elon Musk owns 48.4% of SpaceX (SPCX) on paper. What he owns outright today is closer to 36%, or roughly $708 billion.
Friday's headlines put the stakes at over $900 billion. Musk replied that the number was wrong. He was right. Read the filing line by line, and the shares he holds outright come to 4.77 billion. The two figures are $245 billion apart.
The Filing Has Four Line Items. Only Two Are His
Musk filed a Schedule 13G on Thursday. That is the form the Securities and Exchange Commission (SEC) requires from anyone holding more than 5% of a public company. It reports 6,418,547,515 shares, and it splits them four ways.
- Two of the four are stock he holds now.
- Trusts he controls hold 849,494,440 Class A shares and 3,916,980,790 Class B shares.
Together, that is 4,766,475,230 shares.
The other two are promises. There are 1,302,072,285 restricted shares that have not vested. There are another 350,000,000 shares he can buy through options but has not bought.
SEC rules make him count all of it. Anything a filer can vote, or can acquire within 60 days, goes into the total. So 48.4% of SpaceX is a correct legal answer. It is not an answer to what he owns.
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