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Futurism

The Winner of Elon Musk's AI "Odyssey" Contest Will Make You Laugh Out Loud Oops! Many Tesla Cybercabs Actually Do Have Steering Wheels, Undercutting a Core Promise Lawyers Already Lining Up to Defend Victims of Cybercab Crashes Elon Musk Is So Mad About This New Documentary That He's Threatening Legal Action Elon Musk Has Been Calling Women "Breeders" Since His First Marriage, His First Wife Says There's a Huge Economic Problem With Tesla's Cybercabs Elon Musk Seems Legitimately Shaken Over This New Documentary Amazon Cargo Jet Crashes Just Feet From Parking Lot Full of Tesla Cybercabs, Killing Five Elon Musk Is Insisting He Knows More About Chess Than Chess.com Elon Musk Just Said Something About AI That's Literally Incomprehensible Tesla Is Giving Up on Solar Roof Tiles as Elon Musk Leans Into Fossil Fuels Grok Calls for Assassination of Elon Musk, Accusing Him of Pedophilia Elon Musk's Efforts to Cut Spending in the Government Were So Incompetent That It's Shocking, Internal Analysis Finds Grokipedia Appears to Have Completely Broken and Nobody Noticed SpaceX Now Faces a Terrible Peril Elon Musk Allegedly Stiffing Contractors on Huge Bills Columbia Economist Baffled as to Why the Masses Aren't Rising Up Against Elon Musk Elon Musk Launches New Service Where You Can Send Him All Your Money and Hope for the Best Elon Musk Is Having One of His All-Time Meltdowns SpaceX Stock Hammered After Starship Booster Fails in First Launch Since IPO The Type of Orbital Data Centers That Billionaires Want to Launch Into Space Would Wreak Ecological Catastrophe, Scientists Warn SpaceX Investors in Meltdown Over All the Money They've Lost Suddenly, as His Empire Crumbles, Elon Musk Admits He Made a Huge Mistake With DOGE Tesla Stock in Freefall After Disastrous Earnings Report SpaceX Stock Hits All-Time Low Elon Musk Says Grok Will Generate Its Own Feature-Length Version of "The Odyssey" for People Allergic to Progressive Ideas Short Sellers Are Going Hog Wild Against SpaceX as Its Stock Craters SpaceX Eager to Support the Pentagon's Lethal AI Models SpaceX Plunges to All-Time Low After Competitor Makes Major Leap Elon Musk Says His Goal Is for SpaceX to Be Worth More than the Entire Earth
SpaceX’s IPO Plan Will Give Elon Musk Ironclad Rule Over ...
Joe Wilkins · 2026-04-24 · via Futurism

Close-up black and white portrait of a Elon Musk with a serious expression, set against a vibrant red background with a grid pattern and a large light blue circle behind his head.

Illustration by Tag Hartman-Simkins / Futurism. Source: Harun Ozalp / Anadolu via Getty Images

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When SpaceX makes it debut on the stock exchange later this year, experts expect it to be the largest public offering in financial history. Should that audacious prediction come to pass, it would widen Elon Musk’s lead over the next-richest person into an unfathomable chasm, and cement him as one of the most powerful men in modern history.

It’s also sounding like the financial maneuver will give him an ironclad grip over the resulting empire, which includes xAI and X-formerly-Twitter. According to an IPO prospectus filed with the Securities and Exchange Commission and unpacked by Reuters, once the company goes public, Musk will serve as CEO, CTO, and chairman of SpaceX’s nine-seat board of directors.

The company will pursue a dual-class equity structure, under which legacy investors like Musk will receive 10 votes each, while public shareholders only get one. In other words, Musk’s mammoth slice of the pie — though it only adds up to 42 percent of the company — will give him a stranglehold over the behemoth aerospace enterprise.

Given the equity Musk already holds — he bought $1.4 billion in stock last year alone — he stands to make billions once the shares debut on the market (SpaceX is said to be targeting a whopping $1.75 trillion valuation, coupled with a $75 billion fundraise, according to Reuters.)

Shareholders sweetened the pot even further with Musk’s latest pre-IPO compensation package, which includes a reward of 60 million in shares. In order to claim the prize, however, SpaceX will need to check two boxes: the company will have to reach a valuation of $6.6 trillion, and will have to fulfill Musk’s fantasy of putting a data center in space.

While the first stipulation could satisfy itself in today’s topsy-turvey stock market, the second task will take some doing — if it’s even possible in the first place.

More on SpaceX: Pentagon Disturbed as Its Fleet of Drones Is Left Bobbing in the Ocean When Elon Musk’s Starlink Fails