SpaceX President: Musk's irreplaceable role in corporate governance, going public at this time to meet the needs of large-scale expansion BlockBeats News: On June 14th, SpaceX President and Chief Operating Officer Gwynne Shotwell publicly defended Musk's governance structure, which holds over 80% of the voting rights. Frankly speaking, no one can operate SpaceX like him. Although the company will not collapse without Musk, it will be completely different. Without Musk, it will be a regret. Shotwell revealed that Musk has recently personally attended investor conferences, and many people only realized his true side after meeting with him. Musk's insistence on allowing retail investors to receive approximately 33% of the retail allocation in the IPO reflects his philosophy of making space belong to everyone. Shotwell said that early companies were not sure whether to go public now, as SpaceX, as a private enterprise, could focus more on long-term goals without being affected by Wall Street's quarterly performance pressure, thus maintaining a high-intensity innovation program and long-term decision-making. And now the time is ripe. The commercialization of Starlink has laid a solid foundation, and new businesses such as AI computing are rapidly developing. The company has reached a stage where large-scale expansion is needed. The main purpose of going public is to obtain huge capital to support Starship research and development, Starlink global deployment, and other high investment projects, all of which are very "money burning". Going public is a natural step for a company to shift from focusing on execution to scaling growth, which can provide the necessary funds for development while maintaining SpaceX's core culture. Shotwell also talked about the future of SpaceX. Long term outlook, AI、 Robots and autonomous driving will generate enormous computing and communication demands, benefiting Starlink. Starship is the key next step, significantly reducing launch costs and supporting future businesses such as orbital computing.