US EditionExclusive-Musk and insiders to retain voting control of SpaceX after IPO, filing shows
The filing shows a dual-class structure that gives Musk and insiders 10 votes per Class B share while public investors get one vote each.
- SpaceX's S-1 IPO filing, made public this month, targets a $1.75 trillion valuation and $75 billion raise while cementing founder Elon Musk's control through a dual-class share structure granting him roughly 79% voting power.
- Musk consolidated the rocket maker with his xAI company earlier this year, shifting the narrative toward 'Orbital AI Data Centers' and Grok integration to justify the record valuation across Starlink, Starship, and AI operations.
- The company swung to a $4.94 billion consolidated loss in 2025 on $18.67 billion revenue as heavy AI infrastructure investments offset $4.42 billion in operating profit from Starlink's satellite internet business.
- Public investors receive Class A shares with one vote each, while Musk retains super-voting Class B shares. Former Fidelity fund manager George Noble called the structure 'the most SHAMELESS structural manipulation of a major index.'
- SpaceX executives are hosting three days of analyst meetings this week at the Starbase launch facility in Boca Chica, Texas, as the company targets a June listing on the Nasdaq.
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Elon Musk to Hold 10 Super Voting Rights Per Share After SpaceX Listing It has emerged that SpaceX plans to introduce a structure in its initial public offering (IPO), considered the largest global deal of the year, to strengthen the control of its founder and Tesla CEO, Elon Musk. According to Reuters on the 22nd, the recently revealed Space
SpaceX's goal is a listing evaluation of about $1.75 trillion with an increase of $75 billion.
How much of SpaceX will Elon Musk own after IPO will surprise you
Elon Musk will retain dominant voting control of SpaceX after it goes public, according to the company’s IPO prospectus that was filed with the SEC. The filing reveals a dual-class equity structure giving Class B shareholders 10 votes each, concentrating power with Musk and a handful of other insiders, while Class A shares sold to public investors carry one vote. Musk holds approximately 42% of SpaceX’s equity and controls roughly 79% of its vot…
Musk, insiders to keep voting control of SpaceX after IPO
SpaceX plans to cement founder Elon Musk's control after its IPO, granting him and a small group of insiders super-voting shares that will outweigh other investors, according to excerpts of the company's IPO filing reviewed
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