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| Science & Technology |
| SpaceX IPO Imminent |
| 2026-04-26 |
| [SlayNews] Elon Musk’s SpaceX has reportedly taken a major step toward going public, filing confidential paperwork for an initial public offering that could rank among the largest in history. The company is said to be targeting a valuation of up to $1.75 trillion and could raise as much as $75 billion, according to a report from Reuters. The move is signaling a potentially transformative moment for the private aerospace giant. DUAL-CLASS STRUCTURE DESIGNED TO MAINTAIN MUSK’S CONTROL SpaceX is reportedly structuring its IPO to ensure that Elon Musk retains firm control over the company even after shares begin trading publicly. The filing outlines a dual-class share system, with Class B shares carrying 10 votes each and publicly traded Class A shares carrying just one vote. This setup would allow Musk and early insiders to maintain decisive voting power despite dilution from new investors. The governance framework is also said to include provisions limiting the influence of outside shareholders over board decisions and legal actions, reinforcing Musk’s long-term authority over the company’s direction. |
| Posted by:Gloluns Turkeyneck4904 |