How Elon Musk will increase his power through the SpaceX IPO

SpaceX’s IPO structure would keep Elon Musk as CEO, CTO, and chair while preserving his dominant role.

He would retain more than 50% of the voting power through super-voting shares, despite the company going public.

Texas-based rules would also curb shareholder lawsuits and oversight, strengthening Musk’s control.

The filing highlights how the IPO is designed to raise capital without giving up meaningful founder power.