SpaceX Considers Dual-Class Stock Structure for Upcoming IPO

SpaceX is reportedly contemplating the adoption of a dual-class stock structure for its planned initial public offering (IPO) this year. According to Odaily, this structure would grant certain shareholders higher voting rights, allowing them to maintain control over company decisions. This move would enable insiders, including Elon Musk, to retain control of the company despite holding a smaller percentage of shares. Sources indicate that SpaceX is also expanding its board of directors to support the IPO process and extend Musk's space ambitions beyond the core rocket and satellite business. Dual-class stock structures are common among U.S. tech companies, typically providing founders and insiders with 10 to 20 votes per share, while ordinary shares usually carry only one vote. Critics argue that such structures can undermine accountability. Elon Musk has previously praised this structure and proposed a dual-class stock category for Tesla to ensure he maintains at least 25% voting control within the company.