SpaceX Launches Wall Street Debut with $75B IPO, Musk Retains Full Control

Executive Briefing

• Offers 555.6 million shares at $135 each, targeting ~$75 billion in proceeds to become the largest IPO ever
• Funds raised will finance 100,000 next-generation Starlink satellites and space-based AI data centers
• Musk holds majority Class B super-voting shares, making him the only person who can remove himself as CEO
• Pension fund officials from California and New York oppose IPO terms, citing concentrated power and mandatory arbitration clauses
• Starship rocket's reusability is critical; failure to achieve it risks higher costs and customer losses
• SpaceX could join Nasdaq 100 after just 15 trading days but must wait 12 months before S&P 500 eligibility