The Galactic CEO: Musk's Unchecked Ambition at SpaceX Elon Musk's recent Twitter exchange has shed light on the corporate governance regime of SpaceX, set to be implemented after its upcoming IPO.
According to reports, the company will have a dual class share structure, with Class B stock holders holding ten times the voting power of Class A stock holders.
This means that Musk, who controls the majority of Class B shares, will effectively remain in control of the board and CEO positions for as long as he wants.