SpaceX

What the filings say against what the research found

Every holding above was also resolved directly from EDGAR through a precedence rule: the company's own filing outranks a 13D or 13G, which outranks a 13F, which outranks hand research. A 13F reports only US listed, long, US custodied positions, so it is a floor rather than a level. Where sources disagree the higher one leads and the lower is kept beside it.

No position here shows a material gap between sources.

• files no 13F

What a reader needs to know to read these numbers

• Voting control is the whole story here. Musk's 6,418,547,515 as-converted shares are 48.4 percent of the Class A on the 13G's basis but only about 46.1 percent of all 13,176,000,000 shares outstanding, because 350,000,000 of them are option shares that are not yet issued. The IPO prospectus puts his combined voting power at 85.1 percent before the offering and 84.4 percent after it, as of 1 May 2026, because Class B carries 10 votes per share against Class A's one.
• Musk's block is not all vested equity. It includes 1,302,072,285 shares of restricted Class B whose vesting depends on performance and other conditions, and 350,000,000 shares issuable on option exercise. The fully vested economic stake is materially smaller than 48.4 percent. He may vote the restricted shares today regardless.
• Only four Schedule 13G filings exist against SpaceX as of 16 Aug 2026: Musk, Alphabet with XXVI Holdings and Google LLC, the Founders Fund complex with Peter Thiel, and Antonio J. Gracias with the Valor Equity Partners entities. Every other name on this register is below the 5 percent Class A reporting threshold or holds through a 13F filer rather than a 13G.
• The Valor position is filed under Antonio J. Gracias personally, not under Valor Equity Partners as an institution. It is spread across 30 named entities (Valor funds, CV Consortio vehicles, VG and VGX partnerships and others) and Gracias disclaims beneficial ownership beyond his pecuniary interest. Gracias also sits on the SpaceX board, so this is simultaneously an insider and a venture position.
• The share count anchors do not tie to a single date and should not be mixed. The Q2 2026 10-Q balance sheet shows 7,607 million Class A and 5,569 million Class B outstanding at 30 Jun 2026, totalling 13,176 million. The 13G cover pages use a later count of 7,696,293,669 Class A outstanding at 28 Jul 2026 from the 10-Q cover. Percentages of Class A in this file use the 28 Jul figure because that is the denominator the filers used; percentages of the whole company use the 30 Jun total.
• xAI is not a holding. SpaceX absorbed it in an all-stock merger completed 2 Feb 2026 and it is a wholly owned subsidiary reported inside the AI segment, so it is excluded under the brief's rule on operating subsidiaries. X Holdings Corp is likewise consolidated. Every outstanding xAI common share converted at a fixed ratio of 0.1433 SpaceX shares per xAI share on a pre-2026-stock-split basis, which is how Nvidia, Cisco, QIA, MGX and the venture backers landed on the SpaceX register.
• Cursor (Anysphere) is not a holding either. SpaceX has a compute agreement with Cursor and a call option to acquire it, exercisable in a 30-day window after the earlier of seven trading days post-IPO and 30 Sep 2026. Exercise would be an acquisition, not a minority stake. The prospectus illustrates the consideration at roughly 444,444,444 SpaceX shares assuming a $135.00 price. As of 16 Aug 2026 SpaceX holds no disclosed Cursor equity.
• SpaceX's disclosed non-marketable equity portfolio is small relative to the company: $237 million at 30 Jun 2026 against a market capitalisation near $1.84 trillion. The company names no investee anywhere in the 10-Q or the prospectus. The only named minority stake in any SpaceX filing is the 49.9 percent of Stateline Power LLC. For a company of this size the holdings side is genuinely thin, and that is a finding rather than a gap in the research.
• SpaceX also holds digital assets with a cost basis of $661 million and a fair value of $1,098 million at 30 Jun 2026. These are not equity in another company and are excluded from holdings.
• IPO arithmetic from the prospectus: the offering priced on 12 Jun 2026 at $135.00 per Class A share for 555,555,555 shares, which is $75.0 billion gross to the company, plus an underwriters' option over a further 83,333,333 shares worth $11.25 billion. Full exercise of that option gives the roughly $86 billion total that has been reported. The 555,555,555 base offering is about 4.2 percent of the 13,176 million shares outstanding, so the free float is thin.
• A post-IPO intraday or closing high of $225.64 was supplied to this research as an anchor. It was not independently confirmed against a fetched price page in this task and should be treated as unverified. The $140.00 close of 14 Aug 2026 is the price used for every valuation in this file.
• The EchoStar shares have not been issued yet. The prospectus states the 261,792,453 Class A shares plus cash are payable on closing of the spectrum licence purchase. The FCC approved the transaction on 12 May 2026 and the spectrum transferred to an intermediate trust on 22 May 2026, but the acquisition closing, and therefore the share issuance, remains subject to further conditions. Once issued, these shares will add to the outstanding count and slightly dilute every other percentage in this file.
• Disagreement on record for Alphabet: its 13G reports 551,189,500 Class A shares, 7.2 percent of the class, at 30 Jun 2026. Secondary sources variously describe Alphabet as holding 6 percent, 7 percent or 6 to 7.5 percent of SpaceX. Those are percentages of the whole company from different dates and are not comparable to the 7.2 percent class figure. The filed number is the one recorded.
• Nvidia's SpaceX position of 122,760,000 shares is frequently confused in commentary with its much larger Intel stake. They are different holdings and the $30 billion one is Intel.