Elon Musk discloses 48.4% stake in SpaceX in regulatory filing
The rockets-to-AI company went public on June 12 after a record-setting IPO thatraised $85.7 billion and vaulted the company's market cap past $2 trillion. However, its valuation has since retreated as enthusiasm faded.
Following Elon Musk's nearly $1 trillion compensation package from Tesla and SpaceX, the average pay of CEOs at S&P 500 companies surged to a record $22.8 million in 2025, according to a study by the American Federation of Labour and Congress of Industrial Organisations (AFL-CIO). The AFL-CIO found this figure to be the highest since they began tracking CEO pay in the 1990s and represents a 21% increase from the previous year.
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