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Exclusive Authority: SpaceX Filings Disclose Only Musk Holds the Power to Dismiss Musk
20 hour ago /
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Author：小编
The SpaceX Initial Public Offering (IPO) prospectus unveils that its founder, Elon Musk, has crafted an extraordinary power framework: 'Only Musk has the authority to dismiss Musk.' Following its public listing, SpaceX intends to implement a dual-class share system. Under this system, Class A shares, which will be distributed to the general public, will be entitled to one vote per share. In contrast, Class B shares, retained by Musk and a select group of insiders, will confer 10 votes per share. Musk is set to assume the roles of CEO, CTO, and chairman of the nine-member board, thereby cementing his unassailable dominance.
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