SPACE EXPLORATION TECHNOLOGIES CORP director Ira Matthew Ehrenpreis filed a Form 3 reporting existing indirect holdings in the company. A trust associated with him holds 809,050 shares of Class A Common Stock and 564,650 shares of Class B Common Stock. Each Class B share is convertible into one Class A share with no expiration and generally converts automatically into Class A upon a sale of that Class B share or its legal or beneficial interest.
SPACE EXPLORATION TECHNOLOGIES CORP Chief Financial Officer Bret W. Johnsen has filed an initial Form 3 detailing his equity interests in the company. The filing shows indirect holdings of 3,867,560 shares of Class A Common Stock through the Bret and Catherine Johnsen Family Trust and 2,518,540 shares through B & C Johnsen Holdings LLC.
In addition to these indirect positions, he holds 71,445 restricted stock units tied to Class A Common Stock and multiple stock option grants with different exercise prices and long-dated expirations. One option covers 1,500,000 underlying shares at an exercise price of $8.3998 per share expiring on April 20, 2031, while another covers 586,850 underlying shares at $4.4000 per share expiring on April 24, 2030.
Footnotes indicate that some options are already fully vested, while others are partially vested with remaining portions scheduled to vest in monthly or periodic installments through various dates between 2026 and 2031, all conditioned on his continued employment with the company.
SPACE EXPLORATION TECHNOLOGIES CORP director and President/COO Gwynne Shotwell filed an initial Form 3 reporting her beneficial ownership in the company’s stock. She reports indirect holdings of Class A Common Stock through the QM RS 2021 Exempt Trust and the QM GS 2021 Exempt Trust, direct holdings of Class A and Class B Common Stock, and several option grants to buy Class A shares with exercise prices between $8.3998 and $42.40 per share that vest over time and extend through 2035. Each share of Class B Common Stock is convertible into one share of Class A Common Stock.
SPACE EXPLORATION TECHNOLOGIES CORP filed an initial ownership report for Elon Musk, who is listed as CEO, CTO, Chairman and a more than 10% owner. The filing shows large indirect holdings of Class A and Class B Common Stock through entities such as the Elon Musk Revocable Trust, EM 2024 GRAT-A and other trusts.
The report also discloses an option to buy 350,000,000 shares of Class B Common Stock at an exercise price of $8.3998 per share, expiring on February 11, 2031, which is fully vested and exercisable. Multiple series of preferred stock are held indirectly and, upon completion of the company’s initial public offering, each share of certain preferred series will automatically convert into 50 shares of either Class A or Class B Common Stock. Each share of Class B Common Stock is convertible at any time into one share of Class A Common Stock and will convert automatically upon sale, according to the disclosed terms.
Space Exploration Technologies Corp. is registering 555,555,555 shares of Class A common stock in an initial public offering at an expected price of $135.00 per share. All shares are being sold by the company, with an additional 83,333,333 shares available to underwriters under a 30‑day option.
The Class A stock carries one vote per share, while Class B carries 10 votes per share, creating a dual‑class structure. After the offering, Elon Musk is expected to hold about 82.4% of the total voting power through Class A and Class B holdings, leaving the company a controlled company under Nasdaq rules.
SpaceX highlights three main businesses: launch services, its global Starlink connectivity network, and a rapidly scaling AI segment built around Grok and large data‑center infrastructure. In 2025 it generated consolidated revenue of $18,674 million, with Space and Connectivity providing most revenue and the newer AI segment operating at a loss as it invests heavily for growth.
Space Exploration Technologies Corp. (SpaceX) is planning an initial public offering of its Class A common stock on Nasdaq under the symbol “SPCX.” The company will have a dual‑class structure, with Class A shares carrying one vote and Class B shares ten votes each, leaving Elon Musk with majority voting control and making SpaceX a “controlled company” under Nasdaq rules.
SpaceX operates three major businesses: launch services, Starlink connectivity, and a fast‑growing AI segment built around the Grok frontier model and the X platform. In 2025, SpaceX generated consolidated revenue of $18,674 million, with a loss from operations of $(2,589) million and Adjusted EBITDA of $6,584 million. For the three months ended March 31, 2026, revenue was $4,694 million, with a loss from operations of $(1,943) million and Adjusted EBITDA of $1,127 million.
The Space segment produced $4,086 million of revenue in 2025 but remained loss‑making as SpaceX invested heavily in Starship and other programs. Connectivity, led by Starlink, generated $11,387 million of 2025 revenue and $4,423 million of operating income, while the AI segment recorded $3,201 million of revenue and a substantial operating loss as SpaceX built gigawatt‑scale compute clusters such as COLOSSUS.
Space Exploration Technologies Corp. (SpaceX) has filed a Form S‑1 for an initial public offering of its Class A common stock on Nasdaq and Nasdaq Texas under the symbol “SPCX.” The filing describes a dual‑class structure in which Class A shares carry one vote and Class B shares carry 10 votes.
After the offering, Elon Musk is expected to control the outcome of shareholder votes through his holdings of Class A and Class B stock, and SpaceX will qualify as a “controlled company” under Nasdaq rules. The prospectus outlines three integrated businesses across Space, Connectivity and AI.
In 2025, SpaceX generated consolidated revenue of $18,674 million, loss from operations of $(2,589) million and Adjusted EBITDA of $6,584 million. For the three months ended March 31, 2026, revenue was $4,694 million, loss from operations was $(1,943) million and Adjusted EBITDA was $1,127 million.