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00:03SpaceX's IPO filing indicates Elon Musk and select insiders will retain voting control,
00:08ensuring they hold more power than other investors after the offering.
00:12According to Reuters, Musk will remain CEO, CTO, and chairman after the IPO.
00:18The aerospace company plans a dual-class share structure, giving Class B shareholders 10 votes
00:24each, while public Class A shares carry one vote, concentrating control with Musk and insiders.
00:30The filing outlines limits on shareholder influence over board elections and legal actions.
00:35SpaceX reported $24.8 billion in cash at the end of 2025, with $92 billion in assets and
00:43$50.8 billion in liabilities.
00:45Musk also bought $1.4 billion in employee shares and could receive more if valuation targets
00:51up to $6.6 trillion are met, according to the information.
00:55ARK Invest backed a $1.75 trillion valuation, while some analysts warned of limited upside.
01:02A prior report showed a nearly $5 billion loss on $18.5 billion in revenue.
01:07For all things money, visit Benzinga.com.
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