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REDDIT

What is your opinion on SpaceX and the fact that that removing Musk from SpaceX would effectively require his own consent?

E
Apr 30, 2026 · 03:12


[https://stocktwits.com/news-articles/markets/equity/elon-musk-can-only-be-fired-from-spacex-if-he-says-so-report/cZBA9QdReEh](https://stocktwits.com/news-articles/markets/equity/elon-musk-can-only-be-fired-from-spacex-if-he-says-so-report/cZBA9QdReEh)


I just read this mind boggling article.

>Reuters [reported](https://www.reuters.com/world/only-elon-musk-can-fire-elon-musk-spacex-filing-shows-2026-04-29/) Wednesday, citing a confidential IPO filing it reviewed, that removing Musk from [SpaceX](https://stocktwits.com/symbol/SPACEX) would effectively require his own consent. The filing states that Musk "can only be removed from our board or these positions by the vote of Class B holders," and Musk controls those votes.

>SpaceX has adopted a dual-class share structure ahead of its planned 2026 IPO, reserving super-voting Class B shares for Musk and a small group of insiders. Each Class B share carries 10 votes, while the Class A shares available to public investors carry just one. Musk will hold a majority of the total voting power following the listing, giving him effective veto power over any attempt to remove him.

>Reuters noted that while dual-class structures are common among founder-led companies going public, most at least retain the formal ability to remove a CEO, even if the votes to do so are hard to muster. SpaceX's structure goes a step further, making even the theoretical path to removal contingent on Musk's cooperation.

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