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Elon Musk Owns 48.4% of SpaceX, a New Filing Shows. Here's Why That Matters for Everyone Else Holding the Stock.

The Motley Fool·
Elon Musk Owns 48.4% of SpaceX, a New Filing Shows. Here's Why That Matters for Everyone Else Holding the Stock.

A new SEC filing reveals that Elon Musk controls 48.4% of SpaceX's voting power, giving him effective control over major company decisions including mergers, acquisitions, and capital investments. The article compares this to The Hershey Foundation's 80% control of Hershey, noting that SpaceX investors are essentially investing alongside Musk. Whether this concentration of power is positive or negative depends on investor confidence in Musk's leadership.

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