SpaceX’s IPO Plan Will Give Elon Musk Ironclad Rule Over the Resulting Empire

SpaceX is reportedly preparing for an IPO with a dual-class share structure that would give Elon Musk 10 votes per share and preserve his control.

Public investors would have limited voting power, while Musk would keep major executive authority over the company.

Reuters says the offering could target a record-high valuation and fundraising round, with compensation tied to extreme performance milestones.

Those goals may include a space-based data center and a much higher company valuation, potentially boosting Musk’s wealth and influence.