Thu, 11 Jun 2026
The public sale is also expected to make Elon Musk the world's first trillionaire.
- SpaceX sold 559 million shares priced at $135 each.
- The move values the company at nearly $1.8tn.
- Elon Musk's control of the company will remain near-total due to his Class A and Class B shareholdings.
- He'll maintain around 40% of total equity, giving him more than 84% voting power.
- This consolidation of power means SpaceX won't need independent board members.
- Investors may face risks from the company's potential insider decisions and compensation packages.
- The listing is seen as a test case for other companies with private valuations nearing $1tn, such as Anthropic and OpenAI.
- These companies are also expected to go public this year.
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