Elon Musk's grip on SpaceX is tighter than ever after the company's IPO filing. With 85% voting power, he retains significant influence, allowing him to appoint directors and make major corporate decisions without much input from regular shareholders.

The dual-class share structure ensures Musk maintains a majority stake in voting shares, making SpaceX a 'controlled company' exempt from some Nasdaq governance rules. This means shareholders have fewer legal tools at their disposal compared to the past.

SpaceX's move to Texas also limits shareholder lawsuits and pushes disputes into a new business court or arbitration. Meanwhile, Musk has lobbied for quicker inclusion in prestigious stock indexes like the Nasdaq 100, potentially boosting share prices before they even list.

The article highlights how Musk’s control at SpaceX is more extensive than his current role at Tesla, where he must negotiate with shareholders for greater voting power. This could set a precedent for future tech giants.