SpaceX strengthens Musk’s control ahead of planned IPO: Report

SpaceX has introduced unconventional corporate governance arrangements that strengthen Elon Musk's control ahead of its planned IPO, The New York Times reported. The company granted him 1.3 billion restricted shares tied to ambitious milestones and structured voting rights, board oversight, and shareholder protections in his favor. These arrangements tilt power toward Musk over outside investors.