In the X post on FridayElon Musk has warned prospective shareholders that while the returns could eventually be huge, investors in SpaceX “shouldn’t expect completely smooth sailing along the way” and should be allowed to focus on its mission to make human life “multi-planetary.”
I think you should heed the warning. If you’re thinking about buying SpaceX stock, you’re wondering what will happen to SpaceX after its expected IPO next month? You can’t imagine SpaceX becoming a boring pillar of economic stability like AT&T, can you?
Musk told his employees in February He described his vision for the future of SpaceX such as space catapults, a Dyson sphere around the sun, and artificial intelligence fed secret knowledge previously known only to long-dead aliens.
In other words, if you’re picturing an old American capitalist enterprise with healthy profits, dividends, and market-friendly competition like a 1940s propaganda movie, you’re investing in the wrong company.
To wit: SpaceX’s corporate governance regime will be structured so that the CEO and chairman cannot be fired, According to a Reuters report last month. SpaceX will have different spare classes with different power levels. Class A for pension funds and Robinhood users — the plebs, in other words — and Class B for people who matter. Class B shares will have ten times more voting power than Class A shares, and Musk will control the Class B shares.
The IPO filing, part of which was published in a Reuters article, reveals this. Musk “may be removed from our board of directors or from these positions only by a vote of our Class B holders.” Musk “may continue to control the selection and removal of a majority of our board of directors if he retains a significant portion of his Class B common stock over the long term.”
Essentially, Musk stays in both positions as long as he wants and can easily veto any attempt to fire him. Non-voting common stock is not uncommon today, but it is a powerless board. As Lucian Bebchuk, a Harvard corporate governance expert, explained to Reuters, “Typically removing a CEO is a board decision, and supervisors rely on their authority to replace the board.”
So if you own shares in SpaceX, you’re just in for a ride.
On Friday, in response to an article in the Financial Times about SpaceX’s rigid management scheme, Musk explained himself. Variety:
Well, I have to make sure that SpaceX’s focus is on making life multiplanetary and expanding consciousness to the stars, not wanting to deal with someone’s quarterly earnings bonus!
Obviously, if SpaceX achieves this absurdly difficult goal, it will be worth a lot of orders…
— Elon Musk (@elonmusk) May 15, 2026
“I have to make sure that SpaceX is focused on making life multiplanetary and expanding consciousness to the stars.”
He does this often. In response to criticism – or often in response to fans who shielded him from criticism – he would say some changes. if people treat me badly, humanity will never be multiplanetary.
For example, when CleanTechnica came to the defense of Bernie Sanders after he criticized him on income inequality in 2021, he answered“I gather resources to make life multiplanetary and bring the light of consciousness to the stars.” That same year, in response to a handwritten letter from European finance ministers regarding a potential monopoly over satellite launches, placed“SpaceX is developing the rockets needed to make life multiplanetary – fully and rapidly reusable on a large scale.” Also in 2021, when the FAA expressed concern about SpaceX exceeding its authorization from the federal government, he wrote how much he hated the FAA’s space division, saying, “Their rules are for a few expendable launches a year from a few government facilities. Under those rules, humanity will never get to Mars.”
Some predict that the increase in SpaceX’s price shortly after its IPO will cause Musk’s net worth to drop. cross the trillion dollar mark. This is not an insignificant side effect. Elon Musk is more or less hinting that he is the hero of the future of humanity and everyone else is an NPC. Do you believe this? Then by all means buy stocks (This is not financial advice).
