Elon Musk responds to controversy over potential removal by SpaceX: the company must focus on the long-term goal of becoming a "multi-planetary species"

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Mars Finance News, on May 16th, media reports stated that SpaceX is designing a governance structure to strengthen founder control to reduce the possibility of Musk’s removal, along with a trillion-dollar-level long-term incentive plan related to Mars colonization.
In response, Musk said on social media that the core purpose of this arrangement is to ensure that SpaceX is not distracted by short-term financial goals or quarterly incentives, but remains focused on the long-term mission of “making humanity a multiplanetary species.”
He emphasized that if SpaceX ultimately achieves goals such as Mars colonization, the value created will be “several orders of magnitude greater than the entire Earth’s economy,” and he noted that the process itself will inevitably be filled with long-term, high risks, and uncertainties.
Reuters today cited sources saying that SpaceX is expected to set the initial public offering price as early as June 11, with shares to be listed on June 12.
SpaceX will choose Nasdaq as its listing venue for the IPO, and SpaceX shares will be traded under the ticker “SPCX.”

SPCX5.31%
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