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Futurism

SpaceX Manager Arrested for Allegedly Stabbing a Tesla Contractor Over Karaoke Performance NASA's Powerful New Space Telescope, Just Cleared for Launch, Was Developed by an Intelligence Agency to "Spy on America's Adversaries" NASA Set Up a Major Test of Its New Strategy Under Trump by Hiring a Startup to Launch a Daring Mission to Rescue a Dying Space Telescope in Orbit. The Unfortunate Result Will Have Long-Ranging Repercussions. Elon Musk Just Said Something About AI That's Literally Incomprehensible SpaceX Now Faces a Terrible Peril Elon Musk Allegedly Stiffing Contractors on Huge Bills SpaceX Achieves Its First Moon Landing by Accidentally Crashing Into It at 5,400 Miles Per Hour, Causing Huge Explosion and 60-Foot Crater SpaceX Vows to Keep Poisoning Nearby Towns With Its Fume-Belching Data Center For Another Year 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 SpaceX Stock Hits All-Time Low Short Sellers Are Going Hog Wild Against SpaceX as Its Stock Craters SpaceX Is Learning a Nasty Lesson About Going Public When Your Main Product Is Experimental SpaceX Eager to Support the Pentagon's Lethal AI Models SpaceX Investors Are Lamenting All the Money They've Lost 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 China Is Catching Up With SpaceX Fast, Landing First Reusable Rocket Booster on Offshore Platform If You Thought SpaceX Stock Was Doing Badly Before, Now It's Really Tanking Elon Musk Is Charging Starlink Customers Gigantic Bogus Fees Because Its Network Is Being Crushed by "High Demand" The Problem With SpaceX's Secret "AI Device" SpaceX Investors Are Having Another Brutal Day Anybody Who Thinks Orbital Data Centers are a Good Idea Is Suffering from AI Psychosis, Experts Argue NASA Has a Major Problem Threatening Its Entire Moon Plans SpaceX Stock Has Fallen So Far That Elon Musk Is No Longer a Trillionaire SpaceX Launches Secretive New Spacecraft Shaped Like Flying Saucer SpaceX Stock Has Officially Fallen So Far That It's Below Where It Started Tech Stocks Are Abruptly Collapsing SpaceX Just Had Its Worst Day of Trading Yet
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.

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