SpaceThe Motley Fool3 days ago
SpaceX IPO: Musk to Hold 82.4% Voting Power
1 min read
SpaceX will sell 555,555,555 shares at $135 each in a June 12 IPO, raising $75 billion and valuing the company at $1.77 trillion. CEO Elon Musk will retain 82.4% of voting rights, giving him final say over operations. The concentrated control poses risk but aligns Musk's incentives with shareholders.
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