SpaceX filed a confidential prospectus outlining a dual‑class structure with Class B shares carrying ten votes each.
The IPO aims to raise $75 billion at an estimated $1.75 trillion valuation, the largest public offering ever.
Elon Musk will retain CEO, CTO and board chair roles, receiving only $54,080 salary but poised to gain billions in equity.
COO Gwynne Shotwell earned $85.8 million and CFO Bret Johnsen $9.8 million last year; shareholder rights may be limited by arbitration provisions.