SpaceX considering dual-class shares in IPO, Bloomberg News reports

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February 13, 2026 2:14 PM EST

FILE PHOTO: SpaceX's logo and an Elon Musk photo are seen in this illustration created on December 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Feb 13 (Reuters) - Elon ‌Musk's SpaceX ​is ​considering a dual-class share structure in its planned IPO this year, ‌Bloomberg News reported on Friday, citing people ⁠familiar with the matter.

The space firm, which acquired ‌Musk's artificial-intelligence startup xAI, ‌is planning a blockbuster public offering this year that could value it at over $1.5 ​trillion.

Companies with dual-class structures have two or more types of shares with different ⁠voting rights — usually one with greater voting rights for founders ​or early investors and another for other shareholders with less voting power.

SpaceX is ​also in the process ‌of adding members to its board of directors, the Bloomberg report ⁠said, to oversee the IPO process and expand Musk's space goals outside its main rocket and ⁠satellite business.

Deliberations are ongoing and details of the ​IPO could change, the report added.

SpaceX did not immediately respond to a Reuters request for comment.

Though EV ‌company Tesla does not currently have a dual-class voting structure, Musk has ‌said he needs to own a significant ⁠stake - roughly 25% - ‌to have enough ​voting influence.

(Reporting by Juby Babu in Mexico City; Editing by Krishna Chandra ‌Eluri)


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