--- title: "Forget ‘TechnoKing’: At SpaceX, Elon Musk will really be king" url: https://daily.dev/posts/forget-technoking-at-spacex-elon-musk-will-really-be-king-wlwwfofse source_url: https://techcrunch.com/2026/05/21/forget-technoking-at-spacex-elon-musk-will-really-be-king type: article source: "TechCrunch" published: 2026-05-21T19:35:40.902Z updated: 2026-05-21T19:37:18.200Z tags: ["spacex", "ipo"] reading_time: 7 upvotes: 0 comments: 0 language: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Forget ‘TechnoKing’: At SpaceX, Elon Musk will really be king **[TechCrunch](https://daily.dev/sources/tc)** · 7 min read · 0 upvotes · 0 comments ## Summary SpaceX's IPO filing reveals Elon Musk will hold more than 50% voting power post-IPO while serving as CEO, CTO, and board chairman simultaneously. Legal expert Ann Lipton argues Musk is dismantling all three traditional shareholder levers: voting (via 93.6% of super-voting Class B shares), litigation (Texas incorporation blocks derivative suits below 3% ownership, roughly $52B at expected valuation), and selling pressure (fast-tracked Nasdaq 100 inclusion will prop up the stock price). Musk's compensation package of 1 billion Class B shares vests upon reaching a $7.5 trillion valuation and establishing a Mars colony, but he can vote and pledge them as collateral before vesting. The shares can also be placed in trusts to retain super-voting status, potentially enabling dynastic control. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [SpaceX’s public IPO filing confirms Musk and insiders retain dominant voting control](https://daily.dev/posts/spacex-s-public-ipo-filing-confirms-musk-and-insiders-retain-dominant-voting-control-9iog6gc1x) · The Next Web · 0 upvotes · 0 comments --- Tags: [#spacex](https://daily.dev/tags/spacex), [#ipo](https://daily.dev/tags/ipo) [View this post on daily.dev](https://daily.dev/posts/forget-technoking-at-spacex-elon-musk-will-really-be-king-wlwwfofse)