[SpaceX Plans to Adopt Dual-Class Share Structure in IPO to Strengthen Musk's Control] Odaily Planet Daily News – According to informed sources, SpaceX is considering adopting a dual-class share structure in its planned initial public offering (IPO) this year. The dual-class share structure would grant certain shareholders shares with higher voting rights, thereby allowing them to dominate decision-making. This move would enable insiders, including Musk, to maintain control of the company even with a lower ownership stake. The sources also revealed that SpaceX is adding board members to help facilitate the IPO and expand Musk's space ambitions beyond its core rocket and satellite businesses. Dual-class share structures are relatively common among U.S. tech companies, typically granting founders and insiders 10 or even 20 votes per share, while ordinary shares usually carry only one vote. Critics argue that this weakens accountability. Musk has previously praised this structure and proposed establishing a dual-class share category for Tesla to ensure he retains at least 25% voting control of the company. (Jin10)