Elon Musk Controls 84% of SpaceX Voting Power

Elon Musk holds a 48.4% stake in Space Exploration Technologies Corp., representing 6.42 billion shares valued at approximately $860 billion. According to a recent regulatory filing, Musk maintains between 82% and 84% of the company's total voting power through a combination of Class A and super-voting Class B shares.

This concentration of authority allows Musk to unilaterally manage board elections and major business decisions. This control ensures the company remains focused on the expansion of AI initiatives, rocket launches, and Starlink. Space Exploration Technologies Corp. currently has a market capitalization of $1.79 trillion and reported 2025 revenues of $18.7 billion.

While Musk's lockup period expires on June 12, 2027, his ability to liquidate shares will be restricted by United States Securities and Exchange Commission Rule 144 and potential 10b5-1 trading schedules. These regulations limit the volume of shares he can sell, ensuring he retains firm control of the organization.