SpaceX reportedly plans to adopt a dual-class share structure to maintain Elon Musk's control, similar to Tesla

AASTOCKS
2026.02.13 18:38

Bloomberg cited informed sources on Friday revealing that Space Exploration Technologies Corp (SpaceX) is considering adopting a dual-class share structure in its initial public offering (IPO) this year, similar to the strategy proposed by its founder Elon Musk at Tesla (TSLA.US), allowing Musk and other insiders to maintain control of the company even with a minority stake.

The sources indicated that SpaceX is also increasing the number of board members to assist in driving the IPO and expanding Musk's space initiatives beyond rockets and satellites.

SpaceX plans to conduct its IPO later this year, with a fundraising scale of up to $50 billion, which will be used for the construction of space artificial intelligence data centers and lunar factories. Additionally, SpaceX recently acquired xAI, a company under Musk, expanding its business scope into the field of artificial intelligence

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