Exclusive: Musk and insiders to retain voting control of SpaceX after IPO, filing shows

Source: Reuters

SpaceX plans to cement founder Elon Musk's control after its IPO, granting him and a small group of insiders super-voting shares that will outweigh other investors, according to excerpts of the company's IPO filing reviewed by Reuters.

The prospectus, which was confidentially filed this month, provides fresh details of the company's financials and corporate governance.

Upon completion of the offering, Musk will stay on as chief executive officer, chief technical officer, and will serve as chairman of SpaceX's nine-member board of directors.

Though Musk was paid $54,080 last year, according to the excerpts, he stands to gain billions in equity after the company's stock market debut.

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Read more: https://www.reuters.com/world/musk-insiders-retain-voting-control-spacex-after-ipo-filing-shows-2026-04-21/