SpaceX said to weigh dual-class IPO shares to empower Musk

Core Viewpoint - SpaceX is planning a dual-class share structure for its upcoming IPO, allowing select shareholders, including Elon Musk, to maintain control with a minority stake [1][5]. Group 1: IPO Details - SpaceX aims to hold an IPO later this year, potentially raising up to $50 billion to fund AI data centers in space and a lunar factory [2]. - The company is in the process of adding new board members to guide the IPO and expand Musk's ambitions beyond its core rocket and satellite business [2]. Group 2: Dual-Class Share Structure - The proposed dual-class structure would provide insiders like Musk with super-voting shares, enabling them to dominate decision-making processes [1][4]. - This structure is common among US tech firms, allowing founders to focus on long-term goals while critics argue it reduces accountability [4]. Group 3: Financial Projections - Bloomberg Intelligence predicts that SpaceX's launch activities could significantly increase in 2026, with Falcon liftoffs expected to rise over 20% to 197, potentially boosting revenue to $14.6 billion [6].