SpaceX Files for IPO with Musk Holding Largest Stake

SpaceX filed an S-1 registration statement ahead of a planned initial public offering. The filing shows ownership stakes and includes a provision that could grant additional shares to the largest shareholder under certain conditions.

Musk holds just over 6.42 billion shares, including nearly 5.6 billion Class B shares with 10 votes each. The filing states that Musk controls and can vote the shares now. A separate provision could add up to one billion more shares if one million people live on Mars.

The company reported that five percent shareholders include Antonio Gracias with just over 503.4 million shares. Luke Nosek holds nearly 33 million shares. Gwynne Shotwell holds nearly 12.6 million shares. Bret Johnsen holds nearly 9.6 million shares.

Ira Ehrenpreis holds 809,050 shares. Randy Glein holds 277,800 shares.

SpaceX has raised around $30 billion in private capital from hundreds of investors. Series A investors paid $1 per share. Series F investors paid $7.50 per share. Series N investors paid $270 per share. The company has not yet disclosed how many shares it will sell or at what price.

Market observers have discussed a possible $75 billion raise and a $1.7 trillion post-money valuation. At those figures, a one percent stake would be worth $17 billion. The filing lists additional venture capital investors who hold smaller stakes.