According to Reuters, SpaceX filed confidential IPO paperwork with the SEC on April 1, targeting $75 billion in funding and a valuation of nearly $2 trillion. The filing reveals provisions ensuring Elon Musk maintains unchallenged control over the company even after going public. Musk will hold a majority of Class B super-voting shares, each carrying ten votes, making it impossible for shareholders to remove him as CEO and board chairman without his consent. The arrangement will “limit or preclude your ability to influence corporate matters,” the filing warns investors.
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