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Joe Wilkins Archives - Futurism

Billionaire Declares That “Tax the Rich” Is Hate Speech That Offends Him Horribly FBI Director Kash Patel Says AI Has Stopped Numerous Violent Attacks Against America. We’d Love to See a Single Whiff of Evidence Video Shows Amazon Drone Dropping Package Into Pond Ordinary People Fear AI, While the Tech Leaders Working to Create a Permanent Underclass Say They’re Extremely Psyched About It Busy Roadways Clogged as Waymo Becomes Stumped by Small Puddle Passengers Groan as Robot Passenger Causes Hour-Long Delay at Oakland Airport Zuckerberg Trying to Simulate Human Biology at the Cellular Level Startup Says It’s Invented a Beanie That Reads Your Mind Man Says His Waymo Ditched Him at the Airport Before He Could Get His Luggage Out of the Trunk, Refused to Return Frontier AI Models Giving Specific, Actionable Instructions to Perpetrate Bioterror Attack The “Pentastack” of Illegal Drugs That Looksmaxxers Like Clavicular Are Taking to Enjoy a Night Out Sounds Like a One-Way Trip to the Hospital Chinese Court Rules That a Worker Cannot Be Replaced by AI There’s Something Bizarre About the Offices of AI Startups Trump’s US Forest Service Spraying Deadly Toxins on America’s Woodlands Wild Video Shows Ukrainian Troops Evacuate Babushka With a Military Robot AV Companies Might be in Trouble Now As Cops Start Ticketing Driverless Cars Elon Musk Just Got Badly Humiliated in Court If You Bet on Polymarket, This New Study May Cause You Physical Pain Mark Zuckerberg Just Got Shot Down by China, Again Startup Says It Can Read Your Brain Signals Using a Pair of Headphones AI Spy Cameras Suddenly Blanketing America Man Trapped in Dystopian Nightmare Thanks to AI Surveillance Cameras Flagging His Every Move Police Are Using AI Camera Networks to Stalk Women Woman Convicted for Attacking Police With Swarm of Furious Bees A Tiny Town Is Building So Many Data Centers That There’ll Be Almost Nothing Else Left The War in Iran Is Causing China to Sell So Many Solar Panels That Your Jaw Will Drop Waymo Has a Bike Lane Problem Ransomware Negotiator Pleads Guilty to Deploying Ransomware Himself America Trembles as Transportation Secretary Announces Plans for Air Traffic Controllers to Lean on AI Tools Experts Warn of AI Swarms Hijacking Democracy With Fake Citizens
SpaceX’s IPO Plan Will Give Elon Musk Ironclad Rule Over ...
Joe Wilkins · 2026-04-24 · via Joe Wilkins Archives - 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