Space
SpaceX Said to Weigh Dual-Class IPO Shares to Empower Musk
A SpaceX facility at Boca Chica beach in Boca Chica Beach, Texas.
Photographer: Brandon Bell/Getty Images
SpaceX is considering a dual-class share structure in its planned IPO this year, according to people familiar with the matter, mirroring a strategy its billionaire founder Elon Musk floated for Tesla Inc.
A two-tier structure would give select shareholders stock with extra voting power that would allow them to dominate decision making. The move would allow insiders such as Musk to maintain control of the company even with a minority stake.