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SpaceX to weigh dual class shares in IPO to empower Musk, Bloomberg reports

SpaceX is considering a dual class share structure in its planned IPO this year, according to people familiar with the matter, mirroring a strategy its billionaire founder Elon Musk floated for Tesla (TSLA), Bloomberg’s Ryan Gould and Edward Ludlow report. A two-tier structure would give select shareholders stock with extra voting power that would allow them to dominate decision making. The move would allow insiders such as Musk to maintain control of the company even with a minority stake, the authors say.

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