SpaceX cannot fire Musk after going public! The purpose of profits is "to make humanity a multi-planetary species"

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SpaceX is designing a governance structure that reinforces founder control, ensuring Musk cannot be removed through 10x voting rights, paired with a trillion-dollar-level Mars colonization incentive package. (Background: CZ invested 500 million in Twitter for a 10x return: three mergers put Twitter shareholders on the SpaceX IPO tailwind) Will the founder of space company SpaceX never step down? Musk stated on X that the core purpose of this arrangement is to "ensure SpaceX is not distracted by short-term financial targets or quarterly incentives," but instead remains continuously focused on the long-term mission of making humanity a multi-planetary species. He emphasized that if SpaceX ultimately achieves Mars colonization, the value created would be "many times greater than the entire Earth economy." Yes, I need to make sure SpaceX stays focused on making life multiplanetary and extending consciousness to the stars, not pandering to someone's bullshit quarterly earnings bonus! Obviously, IF SpaceX succeeds in this absurdly difficult goal, it will be worth many orders of… — Elon Musk (@elonmusk) May 15, 2026 10x Voting Rights + 7.5 Trillion Mars Reward According to Reuters, in the S-1 filing SpaceX submitted to the SEC, the company adopts a dual-class share structure, where Class B shares held by insiders carry 10 votes per share, while Class A shares purchased by public investors carry only 1 vote. After the IPO, Musk will simultaneously retain three positions: CEO, CTO, and Chairman of the nine-member board. In practice, no one other than Musk himself can fire Musk. The incentive plan is even more outrageous. The SpaceX board approved a plan in January this year: if the company's valuation reaches 7.5 trillion dollars and the Mars colony population reaches 1 million, Musk will receive an additional 200 million Class B shares. Additionally, another 60 million shares are tied to the "space data center" milestone, which will be gradually unlocked as the company's market cap grows from the current approximately 1.1 trillion dollars by every 500 billion dollars increment, up to 6.6 trillion dollars. Musk stated that this process "is inherently bound to be long-term, high-risk, and uncertain." On May 13, the New York State and California retirement funds jointly sent a letter to SpaceX, calling these governance provisions "extremely extreme," and urging the company to adopt a one-share-one-vote system. However, under the current structural design, public shareholders have almost no checks and balances in terms of voting rights. Reuters, citing sources familiar with the matter on May 15, indicated that SpaceX has accelerated its IPO timeline, planning to launch the roadshow as early as June 4, price on June 11, and officially list on June 12. The transaction will take place on Nasdaq under the ticker symbol "SPCX." FAQ When will SpaceX IPO list? What is the ticker symbol? Reuters reported that SpaceX plans to price on June 11 and list on Nasdaq on June 12, with the ticker symbol "SPCX," targeting to raise 75 billion dollars at a valuation of approximately 1.75 trillion dollars. What is Musk's Mars incentive plan? If SpaceX's valuation reaches 7.5 trillion dollars and the Mars colony reaches 1 million people, Musk can receive 200 million Class B shares. Another 60 million shares are tied to space data center milestones, gradually unlocking as market cap increases by every 500 billion dollars.

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