Report: SpaceX plans to adopt a dual-class share structure in its IPO to strengthen Elon Musk's control
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This strategy coincides with the plan previously conceived by its billionaire founder Musk for Tesla. This dual-class structure would grant certain shareholders stocks with extra voting rights, enabling them to dominate the decision-making process. Such a move would allow insiders like Musk to maintain absolute control over the company even while holding only a minority stake. The company is also currently adding board members to help steer the IPO and to drive Musk's space ambitions beyond the core rocket and satellite business. (Bloomberg)
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