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highplainsdem

(62,629 posts) Tue Apr 21, 2026, 08:15 AM 4 hrs ago

Exclusive: Musk and insiders to retain voting control of SpaceX after IPO, filing shows

Source: Reuters

SpaceX plans to cement founder Elon Musk's control after its IPO, granting him and a small group of insiders super-voting shares that will outweigh other investors, according to excerpts of the company's IPO filing reviewed by Reuters.

The prospectus, ‌which was confidentially filed this month, provides fresh details of the company’s financials and corporate governance.

Upon completion of the offering, Musk will stay on as chief executive officer, chief technical officer, and will serve as chairman of SpaceX’s nine-member board of directors.

Though Musk was paid $54,080 last year, according to the excerpts, he stands to gain billions in equity after the company’s stock market debut.

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Read more: https://www.reuters.com/world/musk-insiders-retain-voting-control-spacex-after-ipo-filing-shows-2026-04-21/

2 replies

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Exclusive: Musk and insiders to retain voting control of SpaceX after IPO, filing shows (Original Post) highplainsdem 4 hrs ago OP

Of course they would. mwooldri 2 hrs ago #1

Makes owning the stock worthless if you're looking at having a real say at what the company does. cstanleytech 2 hrs ago #2

mwooldri

(10,824 posts)

1. Of course they would.

Reply to highplainsdem (Original post)

Tue Apr 21, 2026, 09:47 AM

2 hrs ago

It's basically a way to raise money. They crafted the IPO to keep control, and to milk more money from "investors".

cstanleytech

(28,519 posts)

2. Makes owning the stock worthless if you're looking at having a real say at what the company does.

Reply to highplainsdem (Original post)

Tue Apr 21, 2026, 09:52 AM

2 hrs ago

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