{"id":241619,"date":"2026-05-21T21:39:03","date_gmt":"2026-05-21T21:39:03","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2026\/05\/21\/who-will-benefit-most-from-spacex-ipo-mostly-elon-and-a-few-from-his-inner-circle-techcrunch\/"},"modified":"2026-05-21T21:39:03","modified_gmt":"2026-05-21T21:39:03","slug":"who-will-benefit-most-from-spacex-ipo-mostly-elon-and-a-few-from-his-inner-circle-techcrunch","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2026\/05\/21\/who-will-benefit-most-from-spacex-ipo-mostly-elon-and-a-few-from-his-inner-circle-techcrunch\/","title":{"rendered":"Who will benefit most from SpaceX IPO? Mostly Elon \u2014 and a few from his inner circle | TechCrunch"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\">While there are <a href=\"https:\/\/techcrunch.com\/2026\/05\/20\/xai-burned-6-4b-last-year-spacexs-ipo-filing-shows-why-the-spending-is-far-from-over\/\" target=\"_blank\" rel=\"noopener\">some<\/a> <a href=\"https:\/\/techcrunch.com\/2026\/05\/20\/musks-xai-is-being-sued-over-its-data-center-generators-now-its-buying-2-8b-more\/\" target=\"_blank\" rel=\"noopener\">shocking<\/a> <a href=\"https:\/\/techcrunch.com\/2026\/05\/20\/anthropic-will-pay-xai-1-25-billion-per-month-for-compute\/\" target=\"_blank\" rel=\"noopener\">revelations<\/a> in SpaceX\u2019s S-1 as it gets ready to become a public company, Elon Musk\u2019s total control of the company perhaps isn\u2019t one of them.<\/p>\n<p class=\"wp-block-paragraph\">I could argue that the oddball provision where Elon Musk gets up to a billion <em>more<\/em> shares to add to his already oversized, company-controlling cache once a million people are living on Mars (yes, really), is perhaps the most jaw-dropping. It is also fairly unserious. Musk controls and can vote those shares now, by the way.<\/p>\n<p class=\"wp-block-paragraph\">But even a billion extra super-voting rights shares are immaterial in this company\u2019s setup because Musk is, by miles, the largest shareholder in the company.<\/p>\n<p class=\"wp-block-paragraph\">He owns just under 850 million Class A shares, entitled to 1 vote per share, and another nearly 5.6 billion Class B shares, entitled to 10 votes per share. That includes the billion shares contingent on a million people living in a SpaceX company-town colony on Mars.<\/p>\n<p class=\"wp-block-paragraph\">Sci-fi conditions aside, there are a handful of people who stand to benefit most should the SpaceX IPO be a success and the stock continue to do well in the future: the 5% shareholders. These are the people who hold at least 5% of the company.<\/p>\n<p class=\"wp-block-paragraph\">While the company has not yet said how many shares it will sell or at what price, the whisper number on the street is that this IPO will raise a whopping $75 billion, with a post-money valuation of $1.7 trillion. At those numbers, even a 1% stake is worth $17 billion.<\/p>\n<p class=\"wp-block-paragraph\">Here\u2019s the rundown of who owns what. <\/p>\n<p class=\"wp-block-paragraph\"><strong>Elon Musk<\/strong>, founder, CEO, CTO and chairman. Total SpaceX stock holdings: just over <strong>6.42 billion shares.<\/strong><\/p>\n<p class=\"wp-block-paragraph\"><strong>Antonio Gracias<\/strong>, investor and board member. Total SpaceX stock holdings: just over <strong>503.4 million shares<\/strong><\/p>\n<p class=\"wp-block-paragraph\">Gracias is founder and CEO and of Valor Management and a long-time Musk friend, pro-Musk board member and financier. He was on Tesla\u2019s board from its startup days through the years after its IPO. He was also a board member of Musk\u2019s solar company Solar City during <a rel=\"nofollow noopener\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2016-06-21\/tesla-announces-offer-to-acquire-rooftop-solar-company-solarcity?utm_source=chatgpt.com\" target=\"_blank\">its controversial sale to Tesla<\/a>. He\u2019s backed and held board roles for Musk\u2019s Neuralink, including The Boring Company. He was also among the financiers that <a href=\"https:\/\/techcrunch.com\/2025\/02\/10\/these-are-the-investors-funding-musks-97-billion-openai-takeover-attempt\/\" target=\"_blank\" rel=\"noopener\">agreed to fund Musk\u2019s failed attempted<\/a> hostile takeover of OpenAI for $97 billion in early 2025.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Luke Nosek<\/strong>, investor and board member. Total SpaceX stock holdings: nearly <strong>33 million shares<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\">Nosek is a co-founder of venture investment firm Gigafund, and a fellow PayPal mafia member. Nosek joined Peter Thiel at Founders Fund during its early days and led Founders first investment into Space X. He took a board seat, then, and has been on the board ever since. Gigafund also backs other Musk companies, The Boring Company and Neuralink.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Gwynne Shotwell<\/strong>, SpaceX COO. Total SpaceX stock holdings: nearly <strong>12.6 million shares.<\/strong><\/p>\n<p class=\"wp-block-paragraph\">Shotwell has been with SpaceX since 2002, and COO since since 2008. She\u2019s the aerospace engineer genius that runs day-to-day operations. In another age, with different majority founder, someone like Shotwell would have been granted co-founder status, and likely have a bigger stake in the company. However, it\u2019s hard to call her underpaid. For instance, in 2025, she received a large tranche of restricted stock units, bringing her total compensation to $85.8 million that year.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Bret Johnsen<\/strong>, CFO. Total SpaceX stock holdings: nearly <strong>9.6 million shares<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\">Bret Johnsen has been SpaceX\u2019s CFO since 2011. Prior to SpaceX he held CFO and financier roles in the semiconductor industry.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Ira Ehrenpreis<\/strong>, investor and board member. Total SpaceX stock holdings: <strong>809,050 shares.<\/strong><\/p>\n<p class=\"wp-block-paragraph\">Ehrenpreis is a founder and managing member of VC firm DBL Partnershas. He\u2019s been on the SpaceX board <br \/>since February 2026 and is also on Tesla\u2019s board.<\/p>\n<p><strong>Randy Glein<\/strong>, investor, board member. Total SpaceX stock holdings: 277,800 shares.<\/p>\n<p class=\"wp-block-paragraph\">Glein is co-founder and managing partner of DFJ Growth.<\/p>\n<p class=\"wp-block-paragraph\"><strong>And around 400 other VCs.<\/strong> SpaceX has raised around $30 billion in private capital to date from hundreds of investors, according Pitchbook estimates. None of the others have a stake big enough to be reported, although, again, even a small percentage of the company should be worth billions at the debut.<\/p>\n<p class=\"wp-block-paragraph\">The company did, however, share the prices that these investors paid for their shares. Series A investors paid $1 per share. Series F investors paid $7.50 and the final investors, in Series N, paid $270 a share.<\/p>\n<\/div>\n<p><em>When you purchase through links in our articles, <a href=\"https:\/\/techcrunch.com\/techcrunch-affiliate-monetization-standards\/\" target=\"_blank\" rel=\"noopener\">we may earn a small commission<\/a>. This doesn\u2019t affect our editorial independence.<\/em><\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/techcrunch.com\/2026\/05\/21\/who-will-benefit-most-from-spacex-ipo-mostly-elon-and-a-few-from-his-inner-circle\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>While there are some shocking revelations in SpaceX\u2019s S-1 as it gets ready to become a public company, Elon Musk\u2019s total control of the company perhaps isn\u2019t one of them. I could argue that the oddball provision where Elon Musk gets up to a billion more shares to add to his already oversized, company-controlling cache [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":241620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":{"0":"post-241619","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tech"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/241619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=241619"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/241619\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/241620"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=241619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=241619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=241619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}