# Elon Musk Holdings Structured map of [[Elon Musk]]'s companies, stakes, voting control, and the personal-finance flows that bind them — the entity side of the dossier. The people side is [[Elon Musk First Degree Connections]]; the round-by-round capital flows are in [[Musk-Thiel Funding Map]]. The canonical [[Elon Musk]] page carries the narrative; this is the ledger. > Post-IPO marks move fast and several vehicles are private/merged. Figures are as last reported in the vault (see [[Elon Musk News Log]] for dates) — point-in-time, not live. ## Core companies | Company | Stake / control | Government relevance | |---|---|---| | [[SpaceX]] | CEO; ~42% economic, **>82% voting** (dual-class) post-IPO | $22B+ in contracts; Starlink/Starshield; the AI-landlord pivot | | [[Tesla]] | CEO; ~**20% voting** after the June 2026 pay-package exercise | $11.4B+ regulatory credits; DOGE gutted its regulators | | [[xAI]] | Founder; **absorbed into SpaceX** (Feb 2026) | $200M Pentagon contract; Grok in classified networks | | [[X]] | Owner | Platform; X Money payments super-app | | [[Neuralink]] | Co-founder | Brain-computer interfaces | | [[The Boring Company]] | Founder | Tunneling; source of DOGE operatives | | [[SpaceX Starshield]] | Via SpaceX | Classified military satellite constellation (MILNET) | ## Net-worth trajectory | Date | Net worth | Driver | |---|---|---| | Jan 2025 (pre-DOGE) | ~$400B | | | Mar 2026 (post-DOGE) | ~$810B | SpaceX-xAI merger valuation | | Early Jun 2026 (pre-IPO) | ~$813B | | | **Jun 12, 2026** | **~$1.1T** | [[SpaceX]] Nasdaq IPO — first person valued above $1T; SpaceX stake alone ~$690B | | Jun 29, 2026 | ~$1.45T (Forbes) | Post-IPO peak | | Jul 1, 2026 | $994.1B (Forbes) | Back below $1T after a 6.2% SpaceX drop | | Sep 16, 2026 | ~$895B (Bloomberg) | SpaceX down from ~$185 (June) to ~$110 (August) | Caveat: these are **mark-to-market** figures on a volatile, newly listed stock, and Forbes and Bloomberg value his private and restricted holdings differently. Always date and attribute the number. LittleSis's $393B figure (as of 2025) predates all of this. ## SpaceX as personal bank (the self-dealing ledger) The NYT investigation (April 24, 2026) — the documented "piggy-bank" pattern. Full treatment on the canonical [[Elon Musk]] page and [[SpaceX]]: | Transaction | Amount | Purpose | |---|---|---| | Personal loans (2018–2020) | $500M | 1–3% interest; SpaceX shares as collateral | | SolarCity bailout | $255M | SpaceX bought SolarCity bonds pre-default | | xAI absorption (Feb 2026) | undisclosed | Diluted [[Founders Fund]] et al.; co-founders quit | | $20B bridge loan (Mar 2026) | $20B | Refinanced X/Twitter + xAI debt | SEC-documented (Tesla 10-K/A, Apr 30, 2026): **$573.4M in fiscal-2025 related-party revenue** from Musk-controlled entities (xAI $430.1M; SpaceX $143.3M), plus the $2B Tesla→SpaceX equity conversion. ## The four billion-dollar self-deals The recurring structure — Musk negotiating both sides with asymmetric voting control: **SolarCity→Tesla**, **X→xAI**, **xAI→SpaceX** (Feb 2026), and the floated **[[Tesla]]–[[SpaceX]] merger** (~$3.4T combined). The June 16, 2026 pay-package exercise (~$116B single-day gain, voting to ~20%) staged Tesla control just before the IPO gave SpaceX the share-currency to absorb it. ## The AI-infrastructure pivot - **SpaceX as AI landlord** — [[Anthropic]] rents Colossus 1 for $3–4B/yr; Google added at ~$11B/yr (see [[Google-SpaceX xAI Compute Deal]]). Recasts SpaceX as an AI-infrastructure prime. - **xAI's competitive failure** — can't productively use its own compute, so it rents it out; the talent exodus (all 11 original co-founders gone) hollowed the AI thesis the IPO valuation rests on. ## See Also - [[Elon Musk]] — canonical biography (running net-worth updates) - [[Musk-Thiel Funding Map]] — round-by-round capital flows - [[Elon Musk First Degree Connections]] — the people behind the entities - [[SpaceX]] · [[Tesla]] · [[xAI]] · [[Anthropic]] - [[Elon Musk Dossier]]