SpaceX
Also known as Space Exploration Technologies Corp.
Rocket, Starlink and, since 2026, AI company (Grok, X, Cursor); Nasdaq: SPCX.
Largest shareholders: Elon Musk, Alphabet and 2 others. Investors include Fidelity Investments. Run by Elon Musk (CEO, chairman and CTO).
Major shareholders
- Elon Musk
about 84% of the votes 1
- AlphabetOrganization
Google bought a stake in 2015 (with Fidelity: $1B for 8.33%); about 4% of equity now · since Jan 2015 1
- Antonio Gracias
503.4 million shares (Valor Management) at the IPO 2
- Luke Nosek
33 million shares at the IPO 2
Investors
- Fidelity Investments
part of a $1B round with Google for 8.33% · since Jan 2015 1
Subsidiaries
- CursorOrganization
acquired for $60B in stock; wholly owned, team joined SpaceXAI · since 14 Aug 2026 source on Cursor
- xAIOrganization
wholly owned; all-stock acquisition, combined value about $1.25T · since 2 Feb 2026 source on xAI
Board
Elon Musk (chairman), Gwynne Shotwell, Luke Nosek, Steve Jurvetson, Antonio Gracias, Donald Harrison, Ira Ehrenpreis, Randy Glein, Roelof Botha 1
Before
Invested in until 2 Feb 2026
xAI (agreed to invest $2B in the July 2025 round) source on xAI
Founded by
- Elon Musk
- SpaceX builds rockets and spacecraft and runs the Starlink satellite network.
- It acquired xAI, maker of Grok and owner of X, in an all-stock deal announced on 2 February 2026.
- It went public on Nasdaq in June 2026 in the largest IPO on record.
- It completed a $60B all-stock purchase of Cursor on 14 August 2026.
- Its AI arm took the name SpaceXAI in July 2026.
Why it matters
- One company now spans launch, satellite internet, a frontier AI lab and a social network, and Elon Musk holds most of its votes.
- Founded
- 2002, by Elon Musk1
- Headquarters
- Starbase, Texas (moved from Hawthorne, California, in 2024)1
- Public
- Nasdaq, ticker SPCX (Class A), trading since 12 Jun 20262
- IPO
- 555.6 million shares at $135, raising $75B; the largest IPO on record (priced 11 Jun 2026)2
- Valuation at IPO
- About $1.77 trillion at the $135 price (June 2026)1
- Market value after first trading
- About $2.1 trillion at a $161 close (as reported July 2026)5
- Musk's holding
- Just under 850 million Class A shares plus 5.6 billion ten-vote Class B shares (at IPO)2
- Musk's voting control
- About 84% of voting power1
- Employees
- 22,621 (April 2026)1
- xAI deal
- All-stock; SpaceX valued at about $1T and xAI at about $250B, per Reuters (2 Feb 2026)3
- AI arm's name
- SpaceXAI since 6 Jul 2026; Musk said on 4 Oct 2026 it will become SpaceXSI, no date given6
- Private funding
- About $40B raised from roughly 400 venture investors before the IPO2
Who owns and runs it
Largest shareholders: Elon Musk, Alphabet and 2 others. Investors include Fidelity Investments. Run by Elon Musk (CEO, chairman and CTO).
Major shareholders
- Elon Musk
about 84% of the votes 1
- AlphabetOrganization
Google bought a stake in 2015 (with Fidelity: $1B for 8.33%); about 4% of equity now · since Jan 2015 1
- Antonio Gracias
503.4 million shares (Valor Management) at the IPO 2
- Luke Nosek
33 million shares at the IPO 2
Investors
- Fidelity Investments
part of a $1B round with Google for 8.33% · since Jan 2015 1
Subsidiaries
- CursorOrganization
acquired for $60B in stock; wholly owned, team joined SpaceXAI · since 14 Aug 2026 source on Cursor
- xAIOrganization
wholly owned; all-stock acquisition, combined value about $1.25T · since 2 Feb 2026 source on xAI
Board
Elon Musk (chairman), Gwynne Shotwell, Luke Nosek, Steve Jurvetson, Antonio Gracias, Donald Harrison, Ira Ehrenpreis, Randy Glein, Roelof Botha 1
Before
Invested in until 2 Feb 2026
xAI (agreed to invest $2B in the July 2025 round) source on xAI
AI acquisitions
The line under a date fills as it gets older: empty when new, full at 2 years.
-
xAI3
All-stock deal making xAI, with Grok and X, a wholly owned subsidiary; renamed SpaceXAI in July 2026.
-
Cursor (Anysphere) (opens cursor.com)4
$60B all-stock deal, from an April 2026 option to buy for $60B or pay $10B; closed 14 August.
Connections
Founded by
- Elon Musk
Links
Sources
- SpaceX (Wikipedia) (opens en.wikipedia.org)
- SpaceX officially prices shares at $135 in the largest IPO ever (TechCrunch, 2026-06-11) (opens techcrunch.com)
- Elon Musk's SpaceX Merges With xAI In Trillion-Dollar Merger (Benzinga via Yahoo Finance, 2026-02-04) (opens finance.yahoo.com)
- SpaceX closes $60bn acquisition of AI coding agent Cursor (Verdict via Yahoo Finance, 2026-08-17) (opens finance.yahoo.com)
- xAI is now officially known as SpaceXAI (Engadget, 2026-07-07) (opens engadget.com)
- Elon Musk says SpaceXAI will be renamed SpaceXSI after Trump's AI order (The Next Web) (opens thenextweb.com)
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