SpaceX is considering a dual-class share structure for its highly anticipated initial public offering later this year, according to a Bloomberg report cited by Investing.com. The proposed structure would grant select shareholders enhanced voting power, enabling Elon Musk and other insiders to maintain control even with minority ownership. This approach mirrors Musk's previous strategy at Tesla.

Sources indicate SpaceX is also expanding its board of directors to guide the IPO process and support Musk's broader space ambitions. The deliberations remain ongoing, with IPO details potentially subject to change. The company's blockbuster offering could raise up to $50 billion, funding ambitious projects including AI data centers in space and a lunar factory.

The move follows SpaceX's recent acquisition of Musk's xAI, expanding beyond rockets and satellites into artificial intelligence. Dual-class structures are common among major U.S. technology companies like Meta Platforms Inc. and Alphabet Inc., typically allowing founders to pursue long-term vision without short-term shareholder pressure.