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FloatCap

Supply breakdown

Shares as of Oct 15, 2026
Share supply splitFree float: 4.33B shares, 31.9%Insider-held, unrestricted: 111.00M shares, 0.8%Locked team: 6.07B shares, 44.7%Other restricted: 3.07B shares, 22.6%
Circulating32.7%4.45B shares
CategoryShares%ValueStatus
Circulating4.45B32.7%$759.49BDerived
Free float4.33B31.9%$740.53BDerived
Insider-held, unrestricted111.00M0.8%$18.97BEstimated
Locked team funds6.07B44.7%$1.04TVerified
Other restricted3.07B22.6%$524.10BEstimated
Total outstanding13.58B100.0%$2.32TVerified
Ownership views (overlap the categories above, never added)
Institutional holdings (13F)3.67B27.0%$626.55BEstimated
Insider-held, all (Forms 3, 4, 5)---Unavailable

Institutional and insider holdings can include both tradable and locked shares, so they are shown for reference and never added to the total. Check: circulating + locked team + other restricted = total outstanding reconciles.

Insider shares without a lock

Officers, directors and 10% owners hold 111.00M shares (0.8% of the total) that carry no lock-up or vesting condition in the filings reviewed. They count as circulating because the holders may legally sell them, but large insider stakes rarely trade: holders usually borrow against the shares instead of selling. The free float figure leaves them out.

  • Elon Musk has pledged 237,530 shares as loan collateral (Jun 30, 2026).Class A shares pledged, per the beneficial ownership disclosure.424B4, Principal Stockholders

Valuation

  • Traditional$2.32T
  • Fully diluted$2.48T
  • Circulating$759.49B
  • Free float$740.53B
  • Locked team value$1.04T
  • Other restricted value$524.10B

Locked and restricted shares

9 items

Elon Musk, Class A shares under the 366-day IPO lock-up

Elon Musk, CEO

849,494,440 shares

6.3% of total · $145.14B

Musk's IPO lock-up runs 366 days, through the close of trading on June 12, 2027, with no early release.

"all of the shares of our common stock owned by him are subject to the restrictions described above until immediately after the close of the trading day on the 366th day after the date of this prospectus"

Verified424B4, Underwriting, Lock-up Agreements

Elon Musk, Class B shares under the 366-day IPO lock-up

Elon Musk, CEO

3,916,980,790 shares

28.8% of total · $669.26B

Same 366-day lock-up through June 12, 2027. Class B shares carry 10 votes each and are not listed; they convert 1:1 into Class A on any transfer outside permitted transferees, so they must convert before they can trade.

"all of the shares of our common stock owned by him are subject to the restrictions described above until immediately after the close of the trading day on the 366th day after the date of this prospectus"

Verified424B4, Underwriting, Lock-up Agreements

SpaceX CEO Award (unvested restricted Class B)

Elon Musk, CEO

1,000,000,000 shares

7.4% of total · $170.86B

Issued, votable restricted stock granted Jan 13, 2026. It vests in 15 tranches of about 66.7 million shares only if SpaceX reaches market-cap milestones from $500 billion to $7.5 trillion and a permanent human colony on Mars with at least one million inhabitants exists. Continued employment is required.

"For any tranche of the award to vest, both the applicable market capitalization milestone for such tranche and the human colony milestone must be met."

Verified424B4, Executive Compensation, 2026 Compensation Developments

AI CEO Award (unvested restricted Class B)

Elon Musk, CEO

302,072,285 shares

2.2% of total · $51.61B

Issued, votable restricted stock granted March 23, 2026. It vests in 12 tranches only if SpaceX reaches market-cap milestones from $1.065 trillion to $6.565 trillion and completes data centers off Earth delivering 100 terawatts of compute per year. Continued employment is required.

"As of March 31, 2026, both performance milestones were considered improbable and no share-based compensation expense has been recognized related to the SpaceX CEO Award and AI CEO Award."

Verified424B4, Executive Compensation, 2026 Compensation Developments

Extended IPO lock-up group (holders other than Musk)

1,759,500,000 shares

13.0% of total · $300.63B

Holders in the extended lock-up (the filings name the CFO and the President and COO) stay locked until the second full trading day after the Q2 2027 results, with staged releases from the Q4 2026 results on. The filings do not say who else is in the group, so FloatCap does not split it between team and outside investors. Derived from the 424B4 release table (351.9 million shares = 20% of the group).

"Gwynne Shotwell, President, Chief Operating Officer and a director, agreed to subject the vast majority of her shares to the extended lock-up period."

Derived424B4, Shares Eligible for Future Sale, release table

180-day IPO lock-up group, part still locked

797,600,000 shares

5.9% of total · $136.28B

83% of the 180-day group (about 4,691 million shares) has already been released in stages since August. The remaining 17% stays locked until Dec 8, 2026, the 180th day. Derived from the 424B4 release table; it assumes the 10% price-based early release did not trigger (filed prices stayed far below the $175.50 trigger, though no filing states the outcome).

"Up to 319.0 million shares of Class A common stock, representing 7% of the shares subject to the 180-day lock-up period."

Derived424B4, Shares Eligible for Future Sale, release table

Cursor (Anysphere) merger shares

391,041,680 shares

2.9% of total · $66.81B

Issued on Aug 14, 2026 in an unregistered deal (Section 4(a)(2)), so they are restricted securities under Rule 144: no public resale before the six-month holding period ends around Feb 14, 2027. A separate lock-up in the letter of transmittal applies; its terms are not public.

Verified8-K, Item 3.02, Unregistered Sales of Equity Securities

Mesh Optical merger shares

3,800,000 shares

0.0% of total · $649.27M

About 3.8 million unregistered shares issued July 6, 2026; restricted securities until the Rule 144 holding period ends around Jan 6, 2027.

Verified10-Q, Notes, acquisitions

Class B (not listed on any exchange) not covered above

115,469,416 shares

0.9% of total · $19.73B

Class B shares are not listed on any exchange and cannot be traded as they are. A holder must first convert them into Class A shares, which can then be sold. FloatCap counts them outside circulating supply until converted.

Verified10-Q, Cover page: shares outstanding by class; the class has no trading symbolApplied automatically to every unlisted class.

Unlock schedule

  1. Dec 8, 2026 · in 38 days

    End of the 180-day lock-up

    797,600,000 shares · 180-day IPO lock-up group, part still locked

  2. Jan 6, 2027 · in 2 months

    Earliest Rule 144 resale date (derived)

    3,800,000 shares · Mesh Optical merger shares

  3. Feb 14, 2027 · in 3 months

    Earliest Rule 144 resale date (six months after issuance; derived)

    391,041,680 shares · Cursor (Anysphere) merger shares

  4. Mar 18, 2027 · in 5 months

    10% on March 18, 2027

    176,000,000 shares · Extended IPO lock-up group (holders other than Musk)

  5. May 17, 2027 · in 7 months

    10% on May 17, 2027

    176,000,000 shares · Extended IPO lock-up group (holders other than Musk)

  6. Jun 12, 2027 · in 7 months

    Musk's IPO lock-up ends

    849,494,440 shares · Elon Musk, Class A shares under the 366-day IPO lock-up

  7. Jun 12, 2027 · in 7 months

    Lock-up ends; the shares still have to convert into Class A before sale

    3,916,980,790 shares · Elon Musk, Class B shares under the 366-day IPO lock-up

  8. Jun 12, 2027 · in 7 months

    20% on June 12, 2027

    351,900,000 shares · Extended IPO lock-up group (holders other than Musk)

Institutional holders

HolderShares% of total
Alphabet Inc.551.19M4.06%
Valor Management LLC503.41M3.71%
FMR LLC302.56M2.23%
VY Capital Management Co. Ltd.271.81M2.00%
Gigafund Management Company, LLC171.83M1.27%
PUBLIC INVESTMENT FUND154.15M1.14%
BAMCO INC /NY/145.78M1.07%
D1 Capital Partners L.P.126.04M0.93%
NVIDIA CORP122.76M0.90%
SC US (TTGP), LTD.122.52M0.90%

Insiders

Forms 3, 4 and 5

Form 4 aggregation pending

Share classes

ClassListingShares outstandingAs of
Class ASPCX on Nasdaq8,246,541,218Oct 15, 2026
Class BNot listed (valued at SPCX)5,334,522,491Oct 15, 2026

Notes and sources

SpaceX listed its Class A shares on Nasdaq in June 2026. Most of its shares are still behind IPO lock-ups or held by Elon Musk, whose shares stay locked until June 12, 2027 and whose 10-vote Class B shares are not listed.

  • IPO priced June 11, 2026 at $135.00: 638,888,888 Class A shares, all sold by the company, including the underwriters' option of 83,333,333 shares, exercised in full.
  • Already released from the 180-day lock-up: 20% after the Q2 results (Aug 5 or 6), 7% on each of Aug 20, Sep 9, Sep 24, Oct 9 and Oct 24, and 28% after the Q3 results (Oct 21 or 22), about 3.89 billion shares in all. No waiver or extra release appears in any filing.
  • Musk holds 849,494,440 Class A and 5,219,053,075 Class B shares (including 1,302,072,285 unvested restricted Class B), 6,068,547,515 shares in all, plus 350 million vested Class B options. His voting power was 82.3% at the IPO.
  • Of the 5,334,522,491 Class B shares, 115,469,416 are not held by Musk. They are unlisted, so FloatCap counts them as other restricted until converted; some may also sit inside the lock-up groups, which the filings do not split by class.
  • The lock-up groups above were measured on the prospectus share base; about 27.8 million shares issued since then (option exercises, RSU settlements) are not in any group and count as circulating.
  • SpaceX's Q3 2026 10-Q says its board formed a special committee to evaluate a potential combination with Tesla. No terms have been disclosed; a deal could change both share counts.