Musk Responds to SpaceX Ouster Controversy: Company Must Focus on Long-Term Goal of 'Multiplanetary Species'

BlockBeats News, May 16th, media reports that SpaceX is designing a governance structure to strengthen founder control, reducing the risk of Musk being ousted, along with a trillion-dollar long-term incentive plan related to Mars colonization.

In response, Musk stated on social media that the core purpose of this arrangement is to ensure that SpaceX is not disrupted by short-term financial goals or quarterly incentives, but rather remains focused on the long-term mission of "making humanity a multi-planetary species."

He emphasized that if SpaceX eventually achieves the goal of Mars colonization, the value created will be "many orders of magnitude greater than the overall Earth economy," and stated that this process itself is inevitably filled with long-term, high risk, and uncertainty.

Reuters today quoted insider sources as saying that SpaceX is set to determine the initial public offering price as early as June 11th, with the stock trading debut on June 12th. SpaceX will choose Nasdaq as the listing venue for its IPO, and SpaceX stock will trade under the symbol "SPCX."