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Class A 1 vote, Class B 10 votes, dual-class share structure, a long-standing tradition in Silicon Valley.
The document shows that SpaceX will issue Class A and Class B common shares, with Class A voting 1 vote per share and Class B voting 10 votes per share. Elon Musk currently holds 12.3% of Class A shares and 93.6% of Class B shares, totaling 85.1% of voting rights. After the IPO, Musk will continue to serve as CEO, CTO, and Chairman of the Board.
On the financial side, SpaceX's revenue in the first quarter of this year was $4.69B, and the company...