SpaceX Is Said to Weigh Dual-Class Shares in IPO to Empower Musk

SpaceX is reportedly planning an IPO in 2026, with insiders revealing discussions about adopting a dual-class share structure to maintain founder control. The proposed structure mirrors Elon Musk’s past Tesla strategy, ensuring his outsized voting power post-IPO while preserving operational autonomy. Sources close to the company confirm the move aims to shield SpaceX from short-term investor pressures, prioritizing long-term ambitions like Mars colonization. Dual-class shares would let Musk retain decision-making authority despite public ownership, a tactic used by tech giants like Google and Meta. The IPO timing aligns with SpaceX’s valuation surge, now exceeding $200 billion, as it scales Starlink and Starship projects.