SpaceX weighs dual-class IPO sharesCONTROL: The dual-class share structure typically gives founders and insiders 10 or even 20 votes for each of their shares compared with only one vote for ordinary sharesBloombergSpace Exploration Technologies Corp (SpaceX) is considering a dual-class share structure in its planned initial public offering (IPO) this year, mirroring a strategy its billionaire founder Elon Musk floated for Tesla Inc, people familiar with the matter said. 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. Under a dual-class structure that gives Musk super-voting shares, the billionaire would establish a bulwark against activist shareholders exerting changes at the company against his wishes. SpaceX has discussed the feasibility of a tie-up between SpaceX and Tesla, an idea that some investors are pushing.

Source: Taipei Times February 15, 2026 17:15 UTC