News Summary

• SpaceX plans to use a dual-class equity structure that gives Class B shareholders 10 votes for every Class A share available to everyday investors.
• Many investors fear missing out, especially if the billionaire entrepreneur can generate returns similar to those of Tesla.
• Musk will stay on as CEO, chief technology officer and chairman of SpaceX’s nine-member board of directors after the company's stock starts trading later this year.
• The only person who can fire Musk is Musk, who will retain majority control through supervoting shares.