SpaceX says it may issue ‘significant’ equity in ‘future transactions’
The company added a warning to prospective investors that a major dilution could be in the cards after it goes public.
AI Summary
SpaceX has added a warning to its IPO filing that it may issue "significant equity" in future transactions, fueling speculation that CEO Elon Musk could eventually merge the company with Tesla. The language appears in the risk factors section and comes as SpaceX has been active in acquisitions, including Musk's AI company xAI. Musk's supreme voting power at SpaceX means a major dilution event, such as a merger with Tesla, could be approved without opposition from other shareholders.