SpaceX President: Musk is irreplaceable in company governance; going public now is to meet the needs of large-scale expansion

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BlockBeats News, June 14 — SpaceX President and COO Gwynne Shotwell publicly defended Musk's governance structure, which grants him over 80% voting rights. Frankly, no one can operate SpaceX like him; the company wouldn't collapse without Musk, but it would be completely different, and not having Musk would be a loss. Shotwell revealed that Musk recently participated in investor meetings in person, and many people only realized his true personality after meeting him. Musk insists on allowing retail investors to receive about 33% of the retail allocation in IPOs, reflecting his belief that space belongs to everyone.

Regarding why they chose to go public now, Shotwell said that in the early stages, the company was uncertain about whether to list because, as a private company, SpaceX could focus more on long-term goals without the pressure of Wall Street quarterly performance, maintaining a high pace of innovation and long-term decision-making. Now, the timing is right. The commercialization of Starlink has laid a solid foundation, and new businesses like AI computing are rapidly developing. The company has reached a stage where large-scale expansion is necessary. The main purpose of going public is to raise huge capital to support Starship development, global deployment of Starlink, and other high-investment projects, all of which are very "costly." Going public is a natural step for the company to shift from focused execution to scaled growth, allowing it to obtain the funds needed for development while maintaining SpaceX's core culture.

Shotwell also discussed SpaceX's future. In the long term, AI, robotics, and autonomous driving will generate enormous computing and communication demands, benefiting Starlink. Meanwhile, Starship is the key next step, significantly reducing launch costs and supporting future businesses like orbital computing.
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