The now-public S-1 prospectus shows Musk controls roughly 79% of SpaceX’s votes despite owning approximately 42% of its equity, a gap created by a dual-class share structure. The company is targeting a June listing at a $1.75 trillion valuation, a raise of up to $75 billion, and an unusually large 30% retail investor allocation. SpaceX’s […]<br /> This story continues at The Next Web [...]
At the start of the month, Elon Musk announced that two of his companies — SpaceX and xAI — were merging, and would jointly launch a constellation of 1 million satellites to operate as orbital d [...]
Cutthroat capitalism sure does bring out the best in humanity. Take, for example, Elon Musk. He reportedly set a condition for banks, law firms, auditors and advisors who want to work on the SpaceX IP [...]