Elon Musk Reveals Why He Needs So Much Control of SpaceX

Elon Musk maintains 42% ownership and over 80% voting control of SpaceX to focus on long-term goals spanning 5-10 years, including space data centers and Mars missions. Despite a $28.5 trillion total addressable market outlined in its S-1 filing, SpaceX stock has proven volatile, dropping over 50% from June highs to below $109. The unprofitable company requires significant capital infusions, demanding patient investors willing to wait for long-term value realization.