SpaceX founder Elon Musk. File
| Photo Credit: Reuters
SpaceX is telling potential buyers its board is not going to want a majority of administrators who’re impartial of the corporate, in line with an excerpt of its IPO filing reviewed by Reuters, underscoring how founder Elon Musk is retaining control of the rocket and synthetic intelligence maker.
In a departure from the overwhelming majority of public corporations, SpaceX mentioned it could preserve “controlled company status” after its $1.75 trillion IPO, anticipated this summer time. That means it is not going to want a majority of its board to be impartial, nor will it want impartial compensation and nominating committees, the filing excerpt confirmed. It solely should have an audit committee composed fully of impartial administrators, the doc acknowledged.
Published – April 23, 2026 04:41 pm IST