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Story summary
- SpaceX filed its IPO registration showing CEO Elon Musk will keep voting control with 42.5 % equity and 83.8 % of votes, retaining over 50 % voting power post-IPO.
- The filing creates a dual-class structure with Class B shares carrying ten votes and Class A shares one vote.
- SpaceX’s bylaws require waiving jury trials, mandatory arbitration and bar class actions, while Texas law allows a vote for investors holding $1 million or 3 % of shares.
