Scouting report · SPCX
Elon Musk
- Chief Executive Officer, Chief Technical Officer & Chairman, SPCX since 2002-05src
- Technoking of Tesla and Chief Executive Officer; director, TSLA since 2008-10src
Founded SpaceX in 2002; CEO, CTO and Chairman, and controls 84% of the vote
—thin record
Not ranked yet
Scouting sheet
as of 24 Sep 2026Delivers guidance—no promises on the record yet
Answers the question—no call reviewed yet
Capital allocation—company not reviewed yet
Pay design50tsr, strategic · company lost money
Skin in the game—no holding or price on file
- Age
- 54src
- In the role
- 24 yr
- Promises scored
- 0
- Hit rate
- —
- Dodges / 100 answers
- —
- Airtime on calls
- —
Every promise, oldest firstno scored promises yet
What to weigh
Red flag 3
- Controlled company with a 91.6% Class B holder. SpaceX uses the Nasdaq exemptions: the compensation and nominating committee is not fully independent, and Gracias sits on it while his firm Valor leases compute to xAI for about $20.2bn of total paymentssrc
- Personally found liable by a jury in 2026 for misleading Twitter investors. Post-trial motions were denied in July 2026, and plaintiffs' counsel put damages at about $2.6bnsrc
- Tesla reported his 2025 pay at $158.4bn, a 2,522,203:1 CEO pay ratio: $132.3bn for the 2025 CEO Performance Award plus $26.1bn for the interim award, which was forfeited in April 2026. Tesla's GAAP net income fell from $15.0bn (2023) to $3.8bn (2025)src
Watch 9
- Part-time CEO by the company's own risk factors: he does not give SpaceX his full time, runs Tesla, Neuralink and The Boring Company, and the charter renounces corporate opportunities offered to himsrc
- The January 2026 award of 1 billion restricted Class B shares vests in 15 tranches on market-cap milestones from $0.5trn to $7.5trn, but only once SpaceX has a Mars colony of at least one million people. He votes the unvested sharessrc
- In March 2026 an xAI valuation award, including 25.2m shares already earned, was swapped for 302.1m restricted Class B shares. They vest on market cap ($1.065trn to $6.565trn) plus space data centres delivering 100 terawatts of compute a yearsrc
- 237,530 Class A shares are pledged against personal borrowing, per the prospectus ownership tablesrc
- Tesla's 2025 CEO Performance Award: 423,743,904 restricted shares in 12 tranches, each needing a market-cap milestone ($2.0trn to $8.5trn) and operational milestones (vehicles, FSD subscriptions, bots, robotaxis, or Adjusted EBITDA of $50bn to $400bn). The last two tranches also need a CEO succession frameworksrc
- Tesla shareholders approved the 2025 award with 1.89bn votes for and 565m against. Say-on-pay passed with 78.7% of for and against votessrc
- Tesla's 10-K says he does not devote his full time to Tesla. He runs SpaceX, which now owns xAI, and Tesla is both a SpaceX shareholder (about $2.0bn) and a supplier of xAIsrc
- 207,498,721 of his Tesla shares are eligible to be pledged against personal debt. Tesla caps a CEO's loans at $3.5bn or 25% of pledged value, but lets him pledge freely to pay the tax and offset on his awardssrc
- The 286.4m net shares from the June 2026 exercise stay restricted until 2028-01-19, then carry a five-year hold. Tesla's 10-K warns he may sell shares to pay the tax on the 2018 awardsrc
In their favour 3
- No open-market sale of Tesla stock in the year to 2026-09-24. He net-settled the $7.1bn exercise price in shares, and in September 2025 he bought about $1.0bn of stocksrc
- All his shares are locked up for 366 days from the June 2026 prospectus date (to 2027-06-12). Unlike other holders' shares, none can be released earlysrc
- Took no 2025 equity grant and only a $54,080 salary. Skin in the game is about 6.4bn beneficially owned sharessrc
Career
- 2002 – nowSpace Exploration Technologies Corp. (SpaceX)src
Founder; CEO, CTO & Chairman
Took the company public on Nasdaq 2026-06-12 at $135; SpaceX acquired xAI (including X) on 2026-02-02 - 2025 – 2026xAI (X.AI Holdings)src
President, Treasurer & CEO; director
From the March 2025 X/xAI merger until SpaceX acquired xAI in February 2026. Earlier CEO and director of xAI from March 2023 - 2025 – 2025Executive Office of the President (US)src
Senior Advisor to the President (special government employee)
2025-01-20 to 2025-05-30 per the search source; the prospectus confirms only that he previously served as Senior Advisor to the President - 2023 – 2025
- 2022 – 2025X (formerly Twitter)src
Chief Technology Officer; director
From October 2022 until the March 2025 merger of X and xAI - 2021 – 2022
- 2008 – nowTesla, Inc.src
Chief Executive Officer (also Technoking); director
CEO since October 2008; director since April 2004 (TSLA-10KA-2025) - 2006 – 2016SolarCity Corporationsrc
Chairman of the Board
July 2006 until Tesla acquired SolarCity in November 2016 - 2004 – nowTesla, Inc.src
Director; one of the founders
Board member since April 2004; contributed engineering, design, capital-raising and recruiting before becoming CEO
Undated in the sources
- Neuralink Corp.; The Boring Companysrc, Founder and CEO
Not located: Covered from 2002 by the prospectus. The Zip2 (sold to Compaq March 1999) and PayPal (sold to eBay October 2002) years are in the prospectus without start dates
Achievements
- Founded SpaceX in 2002 and has run it as CEO for its whole life, through the June 2026 IPO of 638.9m Class A shares at $135src
- Folded xAI and X into SpaceX in February 2026. The recast FY2025 accounts show $18,674m of revenue and a $4,937m net losssrc
- Also CEO of Tesla since October 2008, and founder and CEO of Neuralink and The Boring Companysrc
- Co-founded Zip2 (sold to Compaq, 1999) and PayPal (sold to eBay, 2002) before SpaceXsrc
- Took a $54,080 salary for 2025 and no other pay. The salary has not changed since 2019src
- Tesla's largest shareholder: 717,112,739 shares beneficially owned (20.3%) at 2025-12-31, including the 2018 award options he exercised in June 2026src
- All 12 tranches of Tesla's 2018 CEO Performance Award vested. The Delaware Supreme Court reinstated it in December 2025 after the Chancery rescission, and he exercised all 303,960,630 options on 2026-06-16src
- Bought 2,568,732 Tesla shares in the open market on 2025-09-12 for about $1.0bnsrc
Education
Background
- Family The prospectus states there are no family relationships among SpaceX's directors or executive officerssrc
- Founder Holds about 91.6% of the Class B stock. Class B elects 51% of the board and he has 84.4% of total voting power after the IPO, so SpaceX is a Nasdaq 'controlled company'. The charter lets only Class B holders remove him as director and chairsrc
- Boards Director of Tesla. Earlier a director of Endeavor Group Holdings (April 2021 to June 2022), of X and of xAIsrc
- Service Served as Senior Advisor to the President of the United States (the prospectus mentions it as a past role). The search source gives the dates as 20 January to 30 May 2025src
- Legal 2018 SEC settlement over the August 2018 'taking Tesla private' posts: neither admitted nor denied, $20m civil penalty, pre-clearance of Tesla statements, and three years off the Tesla chairsrc
- Legal Pampena v. Musk (N.D. Cal.): a March 2026 jury found two of his May 2022 Twitter statements violated Rule 10b-5, and partial judgment was entered against him personally on 2026-04-03src
- Legal On 2026-07-06 Judge Breyer denied his motion to set aside that verdict and to decertify the class, and granted prejudgment interest. The court also found him not liable for one tweetsrc
- Legal In December 2025 the European Commission fined X, xAI, their Irish subsidiary and Musk EUR 120m under the Digital Services Act. They challenged it in the EU General Court in February 2026, and the challenge is pendingsrc
- Family His brother Kimbal Musk sits on Tesla's board (since April 2004) and is not treated as independent; both recuse from Board votes on Elon's pay. Tesla states no other family relationship among its directors and officerssrc
- Legal Tornetta v. Musk: Chancery rescinded the 2018 Tesla award in January 2024. The Delaware Supreme Court reversed on 2025-12-19 and awarded Tesla $1 in nominal damages; plaintiff's counsel got about $65msrc
- Legal The SEC sued him in January 2025 over the late disclosure of his 2022 Twitter stake. He agreed in May 2026 to settle it, with his revocable trust paying a $1.5m civil penaltysrc
- Legal Named with Tesla in an August 2025 securities class action (W.D. Tex.) over Autopilot, FSD and Robotaxi statements, covering purchases from April 2023 to June 2025. Tesla's motion to dismiss was pending at the Q2 2026 10-Qsrc
- Other Tesla related-party dealings in 2025: $4.8m to a Musk-owned security company, $430.1m of revenue (mostly Megapacks) from xAI, $143.3m of revenue from SpaceX, $3.3m of advertising on X, and SpaceX aircraft use. Tesla invested about $2.0bn in xAI in January 2026, which became SpaceX Class A stock on 2026-03-12src
- Other Related-party dealings disclosed: a Musk-owned security company ($4m of SpaceX expense in 2025), an xAI lease from Musk Industries LLC ($2m in 2025), maintenance of a company aircraft by his affiliate Craft Aviation ($3m in 2025), and reimbursed business use of his personal aircraftsrc
The promise ledger
No promise on the record yet: the research routine has not scored this company's guidance.
Sources
19- Filing Space Exploration Technologies Corp. IPO prospectus, 424B4 (accession 0001628280-26-042639): Management, Executive Compensation, Certain Relationships, Security Ownership · 2026-06-12
- Filing SpaceX 8-K, IPO closing, A&R 2024 Equity Incentive Plan, disclosure channels (0001628280-26-043288) · 2026-06-15
- Filing SpaceX 10-Q for the quarter ended 2026-06-30 (0001628280-26-052535) · 2026-08-04
- Filing Form 4, Elon Musk (reporting CIK 1494730), SpaceX transactions 2026-02-02 to 2026-06-15 (0001628280-26-044069) · 2026-06-17
- Filing EDGAR submissions index for reporting owner CIK 1494730 (Musk Elon): no SpaceX Form 4 after 2026-06-17 · 2026-09-24
- Web search result WebSearch: US judge rejects Elon Musk bid to set aside Twitter fraud verdict (Reuters via US News, 2026-07-06) · 2026-09-24
- Filing Tesla, Inc. 10-K/A for FY2025, Part III (Items 10-13: directors, CEO compensation, ownership, related persons) (0001104659-26-053166) · 2026-04-30
- Filing Tesla, Inc. 10-K for FY2025, risk factors (key-person and pledging) (0001628280-26-003952) · 2026-01-29
- Filing Tesla, Inc. 10-Q for the quarter ended 2026-06-30 (Note 9: 2018 award exercise; legal proceedings) (0001628280-26-049270) · 2026-07-23
- Filing Tesla, Inc. 8-K Items 5.02/5.07, 2025 annual meeting results (0001104659-25-108507) · 2025-11-07
- Filing Tesla, Inc. 8-K Item 5.02, 2025 CEO Interim Award of 96m restricted shares (0001104659-25-073263) · 2025-08-04
- Filing SEC XBRL companyconcept us-gaap/NetIncomeLoss, CIK 1318605 (FY2025 10-K, 0001628280-26-003952) · 2026-01-29
- Filing Form 4, Elon Musk (reporting CIK 1494730), Tesla open-market purchase of 2025-09-12 (0001104659-25-089693) · 2025-09-15
- Filing Form 4, Elon Musk, Tesla 2025 CEO Performance Award issued 2025-11-06 (0001104659-25-109263) · 2025-11-10
- Filing Form 4, Elon Musk, gift of 210,699 Tesla shares to charities on 2025-12-30 (0001104659-25-125703) · 2025-12-31
- Filing Form 4, Elon Musk, forfeiture of the 96m-share 2025 CEO Interim Award on 2026-04-21 (0001104659-26-047678) · 2026-04-23
- Filing Form 4, Elon Musk, exercise of the 2018 CEO Performance Award (303,960,630 options, net-settled) on 2026-06-16 (0001104659-26-075213) · 2026-06-17
- Web search result WebSearch: SEC and Elon Musk agree to settle lawsuit over 2022 Twitter stake disclosure; his revocable trust to pay a $1.5m civil penalty (CNBC, 2026-05-04) · 2026-09-24
- Web search result WebSearch: Elon Musk (Wikipedia) - Senior Advisor to the President, 2025-01-20 to 2025-05-30 · 2026-09-24