Why $SPCX is scarcer than you think Elon Musk holds a massive 47.3% stake in SpaceX, more than double the next 25 largest shareholders combined (22.97%). 🔹 Top Institutional & Private Holders: Alphabet: 4.06% Valor: 3.39% Founders Fund: 3.15% Fidelity: 2.23% Gigafund: 1.27% Saudi PIF: 1.14% Baron: 1.07% 🔸 Public Float & Retail: Only 29.7% (including employees and early investors). Thanks to super-voting Class B shares, Musk effectively commands ~84% of voting power. Over 70% of the total SpaceX supply is locked up by high-net-worth insiders with zero reason or intent to sell. With over 70% effectively out of circulation, supply squeeze dynamics could push SpaceX to astronomical valuations much faster than expected.