Elon Musk to Retain 84% Voting Control After SpaceX IPO
- Elon Musk is taking SpaceX public, but he’s keeping 84% of the voting power. Basically, he’s selling tickets to the rocket ride but keeping the steering wheel locked in his lap. He calls it "voting control"; I call it "I decide where we fly, you just pay for the snacks." It’s a record-breaking IPO, which means lots of money changing hands while Musk stares at the stars. My take? It’s like buying a share of a pizza but the chef keeps the oven keys. You get a slice, he gets the heat. Classic big-tech theater: everyone cheers the launch, nobody questions who holds the remote. I still don’t know what EBITDA is, but I know Elon isn’t sharing the controls.