"SpaceX is considering a dual-class share structure in its planned IPO this year, according to people familiar with the matter, mirroring a strategy its billionaire founder Elon Musk floated for Tesla Inc. A two-tier structure would give select shareholders stock with extra voting power that would allow them to dominate decision making. The move would allow insiders such as Musk to maintain control of the company even with a minority stake."
"Dual class shares are common among US technology firms including Meta Platforms Inc. and Google parent Alphabet Inc., and tend to be pitched as a way to enable founders to focus on a longer-term vision. The structure typically gives founders and insiders 10 or even 20 votes for each of their shares compared with only one vote for ordinary shares, which critics say makes them less accountable."
SpaceX is weighing a dual-class share structure for a planned IPO that would grant selected shareholders extra voting power and enable insiders to retain control with a minority stake. The company is adding board members to guide the offering and support expansion beyond rockets and satellites. SpaceX aims to raise as much as $50 billion to fund AI data centers in space and a factory on the moon. SpaceX recently acquired Musk's xAI, signaling a push into artificial intelligence. Dual-class structures are common in tech but draw criticism for reducing accountability. Bloomberg Intelligence projects Falcon launch growth and revenue gains in 2026.
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