SpaceX files for long-awaited public stock offering that could make Elon Musk a trillionaire

his 12.3% stake in common shares and 93.6% in Class B shares, which count for 10 votes each, Musk controls 85.1% of the company’s voting power – pretty much guaranteeing he’ll maintain control of at least a plurality of the votes after the IPO.

Gracias, through his Valor Entities firm, is the company’s second-largest shareholder, with 7.3% of SpaceX’s continue reading …