SpaceX Reportedly Considering Dual Class Shares To Keep Elon Musk In Control After IPO - Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META)

Core Viewpoint - SpaceX is planning a dual-class share structure for its upcoming IPO, allowing Elon Musk to maintain control while raising capital from public markets [1][6]. Group 1: IPO Details - The IPO is anticipated to occur in mid-June 2026, coinciding with a planetary alignment and Musk's 55th birthday [5]. - SpaceX's IPO could value the company at $1.5 trillion and raise over $30 billion, potentially making it the largest stock market debut in history, surpassing Saudi Aramco's $29 billion offering in 2019 [4]. Group 2: Business Strategy - SpaceX has shifted its focus from Mars colonization to lunar industrialization, emphasizing the feasibility of launching to the Moon every 10 days compared to the 26-month alignment required for Mars [3]. - Musk envisions a moon factory for building AI satellites, which would be launched using a massive electromagnetic catapult known as a 'mass driver' [4]. Group 3: Dual-Class Share Structure - The dual-class share structure would provide Musk with supervoting shares, limiting public shareholders' voting rights despite their majority ownership [6]. - This structure is seen as a protective measure against activist investors, allowing Musk to pursue long-term visions without short-term pressures [2][7].