I’m really curious to see how much control he’s willing to give up on SpaceX. He owns majority of the voting rights right now, and they are using dual class shares. Will he still retain >50% voting rights after IPO or is he going to give that up?
But it’s also SpaceX after merging with xAI which is Elon Musks’s company for Grok, and it’s talking about purchasing an AI startup. So, this whole situation reeks of Elon Musk’s regular Pump and Dump.
They should definitely do that, it would be an even better purchase than Twitter was.
Seriously though, Musk is on track to be the first person in history to go from world’s richest man to bankrupt.
Notice it’s SpaceX, not Musk.
Sure, he might tank some extremely valuable assets, but he’s not spending HIS money directly here.
While Musk is currently the owner of SpaceX, there’s currently an IPO on the books.
I’m really curious to see how much control he’s willing to give up on SpaceX. He owns majority of the voting rights right now, and they are using dual class shares. Will he still retain >50% voting rights after IPO or is he going to give that up?
But it’s also SpaceX after merging with xAI which is Elon Musks’s company for Grok, and it’s talking about purchasing an AI startup. So, this whole situation reeks of Elon Musk’s regular Pump and Dump.