James Pethokoukis: Musk to secure control of SpaceX and Tesla through IPO

James Pethokoukis: Musk to secure control of SpaceX and Tesla through IPO
Musk to control SpaceX and Tesla

James Pethokoukis highlights that the planned IPO will solidify Elon Musk’s control over two of the most valuable U.S. companies, SpaceX and Tesla.

He notes that Musk’s special class of shares at SpaceX will allow him to command 82% of the voting power within the rocket group, a structure described as unprecedented in recent times.

Pethokoukis previously reported that SpaceX has invested $15 billion in its Starship program, with the project's progress closely tied to the company's future and potential valuation as it prepares to go public. In a separate review, he noted that Texas produced about a fifth of net new U.S. jobs between 2020 and 2025, with the state positioned to challenge California's economic standing. Both observations have featured in his recent coverage.

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