Musk’s Supervoting Stock Gives Him 85% Control of SpaceX

SpaceX on Wednesday disclosed its filing for an initial public offering, ahead of an expected stock market debut next month.

The initial public offering (IPO) could make CEO Elon Musk the world’s first trillionaire, a milestone that underscores the extraordinary wealth the tech industry has amassed over three decades.

March 2002 – Elon Musk launched SpaceX using money he made from the sale of PayPal.

The blockbuster IPO could bring in massive amounts of money for what’s now dominant private-sector space company.