{"id":56315,"date":"2026-07-09T20:35:34","date_gmt":"2026-07-09T20:35:34","guid":{"rendered":"https:\/\/news.godj.com\/news\/elon-musks-spacex-raises-75bn-ahead-of-record-stock-market-debut-2\/"},"modified":"2026-07-09T20:35:34","modified_gmt":"2026-07-09T20:35:34","slug":"elon-musks-spacex-raises-75bn-ahead-of-record-stock-market-debut-2","status":"publish","type":"post","link":"https:\/\/news.godj.com\/news\/elon-musks-spacex-raises-75bn-ahead-of-record-stock-market-debut-2\/","title":{"rendered":"Elon Musk&#8217;s SpaceX raises $75bn ahead of record stock market debut"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Becoming a public company will lead to more scrutiny, but Musk will keep almost total control. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">He will maintain roughly 40% of SpaceX total equity through his holding of different types of shares, which come with extra voting rights meaning he effectively controls 85% of the company.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">With so much control consolidated with Musk, SpaceX will not even need to have on its board of directors anyone considered to be &#8220;independent&#8221; &#8211; who does not have a direct personal or financial interest in the company.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Such control creates potential risk for investors, <a href=\"https:\/\/corpgov.law.harvard.edu\/2026\/05\/19\/top-ipo-weak-governance\/\" class=\"ssrcss-1e0jzsh-InlineLink e1kn3p7n0\">according to analysis from Harvard Law School<span class=\"visually-hidden ssrcss-i2z2ig-VisuallyHidden e16en2lz0\">, <!-- -->external<\/span><\/a>, because SpaceX insiders will be able to make decisions on business deals, including possible acquisitions of other Musk-owned entities, and his compensation.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Already, SpaceX has acquired Musk&#8217;s startup xAI, which itself acquired the social media platform X in 2025. Musk bought the platform formerly known as Twitter in 2022.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Asked about the governance structure, chief operating officer Shotwell told CNBC: &#8220;There is no-one who can run this company other than Elon, frankly. We want Elon  to have that kind of control.&#8221;<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Musk has divided public opinion in recent years, using his power and wealth in controversial ways.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">He helped fund Donald Trump&#8217;s second run for office before their relationship imploded, secured billions in US government contracts and has dabbled in the internal affairs and politics of other countries.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">His posts and comments about matters in the UK, Germany and other European states have frequently angered politicians. Sometimes they appeared to have come at a cost to his businesses.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/articles\/cwy034q89j4o?at_medium=RSS&#038;at_campaign=rss\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Becoming a public company will lead to more scrutiny, but Musk will keep almost total control. He will maintain roughly 40% of SpaceX total equity through his holding of different types of shares, which come with extra voting rights meaning he effectively controls 85% of the company. With so much control consolidated with Musk, SpaceX [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":56316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[15530,222,3120,969,373,2316,2540,1061,2315,3353],"class_list":["post-56315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies","tag-75bn","tag-ahead","tag-debut","tag-elon","tag-market","tag-musks","tag-raises","tag-record","tag-spacex","tag-stock"],"_links":{"self":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/56315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/comments?post=56315"}],"version-history":[{"count":1,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/56315\/revisions"}],"predecessor-version":[{"id":56317,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/56315\/revisions\/56317"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/media\/56316"}],"wp:attachment":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/media?parent=56315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/categories?post=56315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/tags?post=56315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}