According to Reuters, SpaceX filed confidential IPO paperwork with the SEC on April 1, targeting $75 billion in funding and a valuation of nearly $2 trillion. The filing reveals provisions ensuring Elon Musk maintains unchallenged control over the company even after going public. Musk will hold a majority of Class B super-voting shares, each carrying ten votes, making it impossible for shareholders to remove him as CEO and board chairman without his consent. The arrangement will “limit or preclude your ability to influence corporate matters,” the filing warns investors.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Amazon earnings report: AI boosts AWS to its fastest growth in three years, cash flow under pressure
Amazon’s first-quarter revenue was $181.5 billion, up 17% year over year. AWS posted quarterly revenue of $37.6 billion, up 28% year over year—its highest level in three years—supported by investments in new AI startups. Over the past 12 months, equipment spending totaled $151.0 billion, leading free cash flow to fall to $1.2 billion. E-commerce and advertising maintained steady growth, while shutting down some Fresh and Go physical stores to focus on digital and cloud investments. The market still has doubts about near-term liquidity, but the AI-driven AWS rebound has been recognized.
ChainNewsAbmedia36m ago
Microsoft( earnings report analysis: Challenges in monetizing AI and expanding cloud capacity
Microsoft’s latest earnings report shows that cloud growth is slightly above expectations, but AI monetization still hasn’t fully met the market’s expectations. Copilot’s paid users increased to 20 million, with an annualized revenue run rate exceeding $37 billion. Office revenue is higher, but the growth has not satisfied some investors. Capital expenditures of $31.9 billion grew 49%, but this is below analysts’ valuations; delays in infrastructure expansion have become a growth bottleneck. As competition with Amazon and Google accelerates, the stock price has been affected, and investors remain cautious about the prospects for its market share growth.
ChainNewsAbmedia55m ago
Grayscale Zcash ETF Volume Doubles in April as ZEC Shielded Supply Hits Record High
According to The Block, Grayscale Zcash Trust (ZCSH) spot ETF averaged roughly $1.7 million in daily volume in April, more than double the figure from March. The uptick represents the highest level since January.
Meanwhile, ZEC's shielded supply continues to reach record highs. The Orchard pool
GateNews1h ago
US Stock Futures Fall 0.4% on Tech Earnings Concerns, Early Thursday
US equity-index futures declined early Thursday (April 29) as disappointing earnings from technology giants reported late Wednesday failed to ease concerns over artificial intelligence spending. Nasdaq 100 futures fell 0.4% while S&P 500 futures slipped 0.2%. Asian stock futures also indicated
GateNews1h ago
Meta increases AI capital expenditures; the stock price plunges after the earnings report is released
Meta releases its quarterly earnings report. Revenue was $56.3 billion, up 33% year over year. EPS was 7.31, higher than expected, but daily active users edged down to 3.56 billion. It raised full-year capital expenditures to $125–145 billion, driven by higher data center costs and rising hardware prices. After-hours shares fell by about 7%. At the same time, it laid off employees and launched a new AI model, Muse Spark, to improve efficiency. Facing risks from strict regulations and lawsuits, its long-term profitability remains uncertain.
ChainNewsAbmedia1h ago
Google Cloud Hits $20.03B in Q1, Up 63% YoY; Microsoft AI Business Surpasses $37B Run Rate
Google and Microsoft reported earnings after the bell on Wednesday, with both crushing expectations. Alphabet's Q1 2026 revenue reached $109.9 billion, up 22% year-over-year, while Google Cloud brought in $20.03 billion—up 63% from $12.26 billion in Q1 2025. Microsoft posted $82.9 billion in revenue
GateNews1h ago
