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Elon Musk retains absolute control of SpaceX, and after going public, he will still hold 82.4% of the voting rights.

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ME News Report, June 12 (UTC+8), although Elon Musk sold some shares through an IPO, he has not relinquished control of SpaceX. According to the company's prospectus, after the IPO is completed, Musk will still hold 82.4% of the combined voting rights in SpaceX, maintaining absolute dominance over major company decisions. SpaceX employs a dual-class share structure, where Class B shares have 10 voting rights per share, and Class A shares have only 1 voting right per share. After the IPO, Musk will still hold the vast majority of high-voting Class B shares, ensuring overwhelming control in board elections, mergers and acquisitions, and other significant corporate decisions. Unlike many tech companies whose control gradually disperses after going public, SpaceX will remain a publicly traded company largely controlled by Musk. (Source: ChainCatcher)
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