Musk retains absolute control over SpaceX, holding 82.4% of the voting rights even after going public

By: rootdata|2026/06/12 20:45:02

Despite Elon Musk selling a portion of his shares through the IPO, he has not relinquished control over SpaceX. According to the company's prospectus, after the completion of the IPO, Musk will still hold 82.4% of the combined voting power of SpaceX, maintaining absolute dominance over significant company matters.

SpaceX employs a dual-class share structure, where Class B shares have 10 votes per share, while Class A shares have only 1 vote per share. After the IPO, Musk will still hold the vast majority of Class B high-vote shares, thereby maintaining overwhelming control in board elections, merger transactions, and other major corporate decisions. Unlike many tech companies that see control gradually dispersed after going public, SpaceX will remain a publicly traded company that is highly controlled by Musk.

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