Federal regulatory filings dated Wednesday with the US Federal Trade Commission show that Tesla Inc. has been recorded as the acquirer of a stake in SpaceX from Elon Musk, who serves as chief executive officer of both companies.
The paperwork lists Musk as the seller of SpaceX holdings, with the filings also documenting sales of his stakes to external investors that include Valor Equity Partners and DFJ Growth. The filings are the public record of these ownership transfers but do not disclose the precise sizes of the stakes that changed hands.
The filings were submitted under rules that require notification for transactions valued at more than $133.9 million, though the exact dollar amounts and percentage interests involved were not provided in the documents.
According to Tesla's filings, the transaction relates to the company's earlier-announced $2 billion investment in xAI. That investment is being rolled over into SpaceX in the wake of a recent merger between the AI firm and the rocket-launch company. On that basis, the converted investment would translate to a stake for Tesla of less than 1%.
This conversion formalizes the financial connection between Musk's two largest enterprises prior to SpaceX's planned initial public offering. The filings therefore make public how Musk's personal holdings have been reallocated among other investors and to Tesla as part of the corporate restructuring steps outlined in the documentation.
While the filings make clear that Tesla is recorded as an acquirer and that other investors have purchased stakes from Musk, they leave unspecified the full scale and detailed breakdown of those stakes. The public record confirms the parties involved and the regulatory threshold for disclosure but does not provide additional valuation metrics or timeline details tied to the planned SpaceX IPO.
Clear summary: FTC filings dated Wednesday show Tesla listed as acquirer of SpaceX shares from Elon Musk, with Musk selling holdings to investors including Valor Equity Partners and DFJ Growth. The filings relate to Tesla's $2 billion xAI investment being rolled into SpaceX after a merger, implying a Tesla stake of less than 1%, while the exact sizes of the stakes were not disclosed.