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Futurism

Employees Are Using Their Jobs' Super-Expensive AI Tokens for the Most Hilariously Pointless Tasks Imaginable Softbank CEO Who's Invested $64 Billion in OpenAI Says It's "Blasphemy" to Mention the AI Bubble Americans Increasingly Alarmed About Tech Industry's Looming AI Bubble A New Type of Gambling Scandal Is Sweeping Through Sports Wall Street Terrified That SpaceX Investors Will Dump Their Stocks Texas Tech Quarterback's College Career Over After Getting Caught Betting on His Own Games $1 Million Polymarket Bet That Spain Will Win First World Cup Game Backfires Epically Consulting Firm's Report on How Awesome AI Is Found to Contain Idiotic AI Hallucinations Andreessen Horowitz Partner Quit Firm, Horrified by What His Old Colleagues Are Doing to Humankind Argentina Moves to Legalize “Non-Human Corporations” Run by AI Soccer Club Places Huge Kalshi Bet Against Itself The AI Bubble Has Become So Surreal That It’s Now Propping Up the Toilet Industry All These Galaxy-Scale IPOs Are Piling on Risk of an Economic Crisis Sports Betting Scandals Are Tearing College Football Apart Tesla Insiders Admit Self-Driving Is a Complete Disaster Debt Collectors Are Being Replaced With AI Agents Nintendo Is Completely Ignoring AI and Doing Fine Hackers Find That Inaudible Sounds Hidden in Podcasts or Random Videos Can Hijack Your AI Voice Chatbot Insiders at SoftBank Worry Their CEO Is Getting Conned by Sam Altman 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 It Seems a Lot Like Trump Accidentally Invested $1 Million in a Conveyor Belt Sushi Restaurant Thinking It Was an AI Hardware Company Trump Caught Buying Tech Stocks and Then Pumping Their Value by Publicly Praising Them If You Used Insider Knowledge to Score Big on Polymarket, You May Now Be in Huge Trouble Crabby 82-Year-Old Politician Attacks 10-Year-Old Child for Thinking Electric Cars Are Cool Microsoft AI Researchers Just Discovered Something That’s Going to Make Their Bosses Extremely Mad Huge Analysis Finds That the Average Person Is Getting Absolutely Hosed on Polymarket James Cameron Accused of Stealing 14-Year-Old Girl’s Face for Main Character of Billion-Dollar “Avatar” Films Billionaire Declares That “Tax the Rich” Is Hate Speech That Offends Him Horribly If You Bet on Polymarket, This New Study May Cause You Physical Pain Mark Zuckerberg Just Got Shot Down by China, Again If You Thought Mark Zuckerberg Was a Pathetic Little Worm Before, Wait Until You Hear About His Latest Move The US Military Just Arrested One of Its Soldiers for Making Ghoulish Polymarket Bets, and It Shows How Deep the Moral Rot of Prediction Markets Really Goes Elon Musk Fans Increasingly Disgusted by His Toxic Outbursts Trump’s Huge AI Data Center Project Is Falling Apart Behind the Scenes JPMorganChase Data Center Gets $77 Million Handout to Create Grand Total of One Job In Article About Horrific Shooting That Killed Eight Children, Forbes Lets Readers Place Bets About Gun Control China Is Starting to Pull Ahead of US in AI Race More Than Half of Men Aged 18 to 49 Have Already Fallen Into Online Sports Betting Recent Grads Say AI Is Making It Impossible to Find a Job Billionaire Says Insider Trading Should Be Fully Legalized Gen Z Sabotaging AI at Work So It Won’t Take Their Job OpenAI Says Not to Worry About UBI, Because It Has Another Idea Economists Starting to Admit They May Have Been Wrong About AI Never Replacing Human Jobs Google Says Showing Polymarket Bets on Google News Was a Mistake Polymarket Has Turned Our Climate Apocalypse Into a Casino AI-Powered Tractor Startup Burns Through a Quarter Billion Dollars, Fires All Employees in Epic Implosion Insurance Companies Already Deploying AI Systems to Deny Claims Faster Than Ever Before
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.

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