Dual-Class Shares Allow Founders to Retain Control

Dual-class share structures are a common mechanism used by US tech companies to allow founders to maintain control. This model bypasses the principle of "one share, one vote". Meta Platforms Inc and Alphabet Inc utilize such structures. Dual-class structures typically give founders 10 or 20 votes per share. Elon Musk, for example, will retain super-voting control of SpaceX through its dual-class share structure. This structure allows him to maintain his roles as CEO, CTO, and Chairman. SpaceX is reportedly preparing for an initial public offering (IPO) later this year with a dual-class share structure. Musk owned 44 percent of SpaceX shares as of last year. He will hold Class B shares with 10 votes each, which would give him roughly absolute control. Musk will also retain super-voting power over Starlink. Data shows SpaceX recorded $18.67 billion in revenue in 2025. SpaceX is preparing for the launch of the new Starship, its 408-foot-tall rocket. This article is intended for informational purposes only. It does not constitute investment advice.