Technology · 3 May 2026

SpaceX rules say only Musk can fire Musk

Justin Pacheco via Wikimedia Commons (Public Domain)

SpaceX has just told investors that nobody can sack Elon Musk except Elon Musk himself. The company's IPO filing reviewed by Reuters reveals Musk can only be removed as CEO and chairman by a vote of Class B shareholders, super-voting shares with 10 votes each that he will control after listing. The arrangement gives Musk 79% of voting power despite owning 42% of SpaceX equity, with the IPO targeting a record $1.75 trillion valuation.

By BriefTea Editorial · 3 May 2026 at 10:03

Reported by Reuters · How we write briefs