SpaceX’s IPO Bans Real Retail Ownership with Dual‑Class Shares
The upcoming SpaceX IPO will list at $1.75‑2 trillion valuation but give Elon Musk about 84% of voting power via 10‑vote shares, effectively shutting out retail investors. This structure signals a broader market shift toward mega‑cap offerings that prioritize capital control over public stewardship, leaving everyday investors on the sidelines.