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SpaceX가 Tesla를 역합병해야 하는 이유
일론 머스크의 SpaceX 지분율(경제적 소유권) 42~43% + 의결권 78~79%
SpaceX는 31회 이상의 펀딩 라운드를 거치며 지분이 희석되었으나, dual-class(슈퍼보팅) 구조로 일론이 42~43% 지분으로 78~79% 의결권을 유지하고 있다. 이는 2002년부터 적용된 voting preference shares(슈퍼보팅 주식) 구조의 결과로, 일반 주식(Class A, 1주 1표)과 내부자 주식(Class B 또는 preference, 10~20배 투표권)의 차이에서 비롯된다.
keeptrack.space/deep-dive/who-…

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Cybertruck is quicker than a Porsche 911, more powerful than a Ford Raptor
Wes@wmorrill3
Cybertruck replacing Raptor + Porsche
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MERGING SOONER THAN YOU THINK. $TSLA


Kalshi@Kalshi
JUST IN: 30% chance Tesla and SpaceX merge within the next year
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Incredible that it was only 66 years from the first controlled, powered flight to landing on the Moon!
Wonder of Science@wonderofscience
These two photographs are separated by only 66 years.
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TIME’s new cover: SpaceX is racing to build its most powerful rockets yet with the goal of returning humans to the moon. Gwynne Shotwell is leading the charge alongside Elon Musk. Read it here: time.com/article/2026/0…

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GOOD NEWS 📰 Elon Musk is planning a non-traditional IPO for SpaceX by allocating as much as 30% of the offering to individual retail investors.
This move represents at least three times the typical Wall Street allocation of 5% to 10%.
By prioritizing his loyal fan base, Musk aims to create a stable post-debut environment. He believes these investors are less likely to engage in "pop-and-dump" trading compared to institutional firms that may rush for the exits.
The structure departs from the standard playbook by using a "lane" system for investment banks. Instead of allowing firms to compete broadly for the entire deal, SpaceX has assigned them narrowly defined roles based on geography and investor type.
SpaceX CFO Bret Johnsen has assigned Morgan Stanley to handle smaller retail investors via E*Trade. Meanwhile, Bank of America will focus specifically on high-net-worth individuals and family offices within the United States.
Internationally, UBS and Citi are coordinating distribution to retail and institutional pools. Regional specialists have also been tapped for the rollout, including Mizuho for Japan, Barclays for the UK, Deutsche Bank for Germany, and RBC for Canada.
With a potential valuation reaching $1.75 trillion, the IPO is drawing comparisons to Google’s historic debut two decades ago. High demand is expected from investors who have followed Musk’s success with Tesla and Starlink.
While the final size and timing of the offering are not yet finalized, it is poised to be one of the largest public listings in history. The strategy underscores Musk’s determination to personally shape the company's ownership and trading dynamics.
Source: Reuters


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SpaceX is targeting the biggest IPO in U.S. history.
And Elon wants individual investors to own a meaningful piece of it — up to 30% of shares, three times the usual allocation.
Elon is giving his most loyal backers a seat at the table.
Most IPOs are built for institutions. This one is being built for believers.

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