SpaceX files for IPO, revealing $4.28 billion quarterly loss, super-voting control for Musk
10:23, 21/05/2026, Thursday
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Elon Musk's SpaceX filed publicly for an IPO on Nasdaq, revealing billions in losses, rapid revenue growth, and a super-voting share structure that keeps Musk firmly in control. The planned listing could raise up to $75 billion and become the largest IPO on record.
Elon Musk's SpaceX filed publicly for an initial public offering on the Nasdaq stock index, revealing billions of dollars in losses, rapid revenue growth and a super-voting share structure that would keep the billionaire firmly in control of the company. The rocket, satellite internet and artificial intelligence company plans to list under the symbol SPCX, according to its SEC filing.
Musk's control
The filing said Musk owns 12.3% of SpaceX's Class A shares and 93.6% of its Class B shares, giving him 85.1% of voting power. Class B shares carry 10 votes each, allowing Musk to retain control after the IPO. Musk could receive up to 1 billion additional shares if he meets Mars settlement milestones.
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