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SpaceX Files IPO Application with May 21 Deadline, Musk Retains 85.1% Voting Power

GateNews

2026-05-20 22:01:39

According to BlockBeats, SpaceX formally submitted an S-1 registration statement to the U.S. Securities and Exchange Commission on May 21, planning to list on Nasdaq under ticker SPCX. The company will issue Class A and Class B common shares with 1 vote per Class A share and 10 votes per Class B share.

Elon Musk currently holds 12.3% of Class A shares and 93.6% of Class B shares, giving him 85.1% of total voting power. Following the IPO, Musk will continue as CEO, CTO, and Board Chair. SpaceX reported 2025 annual revenue of $186.7 billion.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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