The following describes all of the activity that occurred within each class of SpaceX Common Stock during the three and nine months ended September 30, 2026 and 2025, incorporating all activity that occurred within the class of xAI Common Stock on an as-converted basis to the class of SpaceX Common Stock it was converted into per the Common Control Mergers.



	Class A Common Stock			Class B Common Stock			Class C Common Stock
Three Months Ended September 30, 2026	Shares	Amount		Shares	Amount		Shares	Amount
Balances at June 30, 2026	7,607	$	7	5,569	$	6	—	$	—




Common stock issued, net of tax withholding	9	0		—	—		—	—



Conversion between classes of common stock	230	1		(230)	(1)		—	—

Transfer of equity in business combinations	394	0		—	—		—	—


Balances at September 30, 2026	8,240	$	8	5,339	$	5	—	$	—



	Class A Common Stock			Class B Common Stock			Class C Common Stock			Class D Common Stock
Nine Months Ended September 30, 2026	Shares	Amount		Shares	Amount		Shares	Amount		Shares	Amount
Balances at December 31, 2025	1,952	$	3	643	$	1	484	$	0	—	$	—


Issuance of common stock in connection with IPO, net of underwriting commissions and offering costs	639	1		—	—		—	—		—	—

Common stock issued, net of tax withholding	62	0		1,306	1		13	0		—	—
Conversion of redeemable convertible preferred stock pursuant to the xAI Merger	886	0		537	1		—	—		—	—
Repurchase of common stock pursuant to xAI Merger	(3)	0		(20)	0		—	—		—	—
Conversion of redeemable convertible preferred stock to common stock	3,453	3		3,274	3		—	—		—	—
Conversion between classes of common stock	867	1		(370)	(1)		(497)	0		—	—
Repurchase of common stock	(10)	0		(31)	0		—	—		—	—
Transfer of equity in business combinations	394	0		—	—		—	—		—	—


Balances at September 30, 2026	8,240	$	8	5,339	$	5	—	$	—	—	$	—



	Class A Common Stock			Class B Common Stock			Class C Common Stock			Class D Common Stock
Three Months Ended September 30, 2025	Shares	Amount		Shares	Amount		Shares	Amount		Shares	Amount
Balances at June 30, 2025	1,867	$	3	728	$	1	453	$	0	—	$	—




Common stock issued, net of tax withholding	2	0		2	0		7	0		—	—



Conversion between classes of common stock	23	0		(23)	0		—	—		—	—
Repurchase of common stock	(5)	0		(13)	0		—	—		—	—



Balances at September 30, 2025	1,887	$	3	694	$	1	460	$	0	—	$	—



	Class A Common Stock			Class B Common Stock			Class C Common Stock			Class D Common Stock
Nine Months Ended September 30, 2025	Shares	Amount		Shares	Amount		Shares	Amount		Shares	Amount
Balances at December 31, 2024	1,832	$	2	768	$	1	423	$	0	—	$	—




Common stock issued, net of tax withholding	23	1		3	0		36	0		—	—


Conversion of redeemable convertible preferred stock to common stock	1	0		—	—		1	0		—	—
Conversion between classes of common stock	49	0		(49)	0		—	—		—	—
Repurchase of common stock	(19)	0		(28)	0		—	—		—	—
Transfer of equity in business combination	1	0		—	—		—	—		—	—


Balances at September 30, 2025	1,887	$	3	694	$	1	460	$	0	—	$	—

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 10: http://fasb.org/us-gaap/role/ref/otherTransitionRef
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Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
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+ Details

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

+ References + Details