Traders see little realistic path to Elon Musk securing full custody of son Romulus amid the ongoing New York family court proceedings. Ashley St. Clair filed for sole custody in early 2025 after publicly identifying Musk as the father, while Musk announced his own full-custody filing in January 2026 following her statements supporting the transgender community. The case remains unresolved with no final rulings reported, and St. Clair continues as primary caregiver, recently sharing a birthday photo of the now two-year-old. High-profile custody battles rarely result in one parent gaining complete control absent clear evidence of harm, and the public back-and-forth over support, NDAs, and parenting narratives reinforces expectations of shared arrangements. A major shift would require new court findings on the child’s best interests that override the current status quo.