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Futurism

Elon Musk Says SpaceX Is "Like Union Pacific," Which Is Extremely Funny If You Know What Actually Happened to Union Pacific Musk Furious After SpaceX Stock Gets Worst Possible Report Card Elon Musk's Conflicts of Interest With the Trump Administration Regulating SpaceX Are So Profound That They Have Grim Implications for Society Tesla Allegedly Showed Cooked Data to Get Full Self-Driving Approved Elon Musk Fantasizes About Killing Journalists Tesla’s Robotaxis Are a Complete Disaster SpaceX’s IPO Shows That We Aren’t Even Close to Peak AI Bubble The More Data We See About SpaceX’s IPO, the More We’re Wincing The Math on SpaceX’s IPO Is Virtually Impossible It’s Possible That SpaceX Could Collapse Spectacularly SpaceX Is Massively Overvalued Ahead of Its IPO, Analysts Find Elon Musk Says He Only Got Involved in Politics Because He Couldn’t Deal With Having a Transgender Child Trump Shovels $4 Billion Directly to Elon Musk, Who Spent a Fortune Getting Him Elected Tesla Insiders Admit Self-Driving Is a Complete Disaster Man Drives Cybertruck Into Lake to Test Elon Musk’s “Boat” Claims, and It Went About as Well as You’d Guess SpaceX Stock May Actually Be a Horrendous Investment Elon Musk’s Ex Says He Bragged About 10,000 Lasers in Orbit That Are “Not a Piece They’ll See on the Chess Board” Elon Musk Compares His Work to Miracles Performed by Jesus Christ If Starship Explodes Again, It Could Derail SpaceX’s Entire IPO Elon Musk Absolutely Obsessed With Tweets From Random Guy In India Who Constantly Glazes Him, Analysis Shows Elon Musk Flees OpenAI Trial as Tide Turns Against Him Sam Altman Accuses Elon Musk of Laughing at Memes During Important OpenAI Meetings Elon Musk’s Attempts at AI Are Falling Apart Grok Just Issued a Brutal Beatdown to Elon Musk Sure, Elon Musk Did Roleplay As His Toddler Son on a Secret Burner Account, But He Probably Isn’t Pretending to Be His Mom Elon Musk Just Got Badly Humiliated in Court If OpenAI Loses This Trial, It Could Effectively Be Eliminated in Its Current Form Tesla Quietly Buys Mysterious $2 Billion Entity Elon Musk Fans Increasingly Disgusted by His Toxic Outbursts Elon Musk Admits He Lied to Tesla Customers’ Faces for Years About Self-Driving Tesla Drivers Losing Patience at Elon Musk’s Eternal Excuses Pentagon Disturbed as Its Fleet of Drones Is Left Bobbing in the Ocean When Elon Musk’s Starlink Fails NAACP Sues Elon Over His Noxious AI Data Center Elon Musk Says He Could Definitely Build a Public Transit System Better Than Anything In China If He Tried JP Morgan Concerned Tesla Stock Will Crash by 60 Percent in Face of Ongoing Business Failures Elon Musk Secretly Shared His Number One Priority at Tesla and It Really Says It All Man Caught Sleeping Behind the Wheel While FSD Tesla Cruises the Streets After Decadent Feast of Wine and Pizza Trump Fans Furious That NASA Is Allowing a Canadian on the Moon Mission
SpaceX’s IPO Plan Will Give Elon Musk Ironclad Rule Over the Resulting Empire
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