[Elon Musk Retains Absolute Control of SpaceX, Holding 82.4% Voting Power Post-IPO] BlockBeats reports that on June 12, despite Elon Musk selling a portion of his shares through an IPO, he has not relinquished control of SpaceX. According to the company's prospectus, after the IPO is completed, Musk will still hold 82.4% of SpaceX's combined voting power, maintaining absolute dominance over major company decisions. SpaceX employs a dual-class share structure, where each Class B share carries 10 votes, while each Class A share carries only 1 vote. Post-IPO, Musk will continue to hold the vast majority of high-voting Class B shares, thereby retaining overwhelming control in board elections, mergers and acquisitions, and other significant corporate decisions. Unlike many tech companies whose control becomes increasingly diluted after going public, SpaceX will remain a publicly listed company under Musk's strong control. [Original Link]