Elon Musk expanded his control over SpaceX last year, acquiring $1.4 billion in stock from employees through his trust. According to a confidential IPO prospectus draft, these secondary purchases preceded a potential public offering. The document also outlines a new incentive structure that would grant Musk tens of millions of additional shares should SpaceX reach a market capitalization of $6.6 trillion. These maneuvers solidify Musk's influence as the aerospace company prepares for its transition to public markets.
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