SpaceX is evaluating the implementation of a dual-class share structure in its planned initial public offering this year, mirroring a strategy previously proposed by Elon Musk for Tesla Motors. This type of structure would grant certain shareholders stock with enhanced voting rights, enabling them to steer corporate decisions. Such a move would allow insiders like Musk to retain control of the company even while holding a minority stake.

The space exploration company, which recently acquired artificial intelligence startup xAI, is preparing for a large-scale public listing this year that could value the firm at more than $1.5 trillion.

Companies with dual-class share structures issue two or more classes of stock carrying different voting powers—typically one class offering greater voting rights to founders or early investors, and another providing lesser influence to other shareholders.

SpaceX is also expanding its board of directors to oversee the IPO process and to support Musk's ambitions of extending the company's reach beyond its core rocket and satellite operations.

Although electric vehicle maker Tesla Motors does not currently employ a dual-class voting system, Musk has previously indicated that he would require a substantial ownership stake—around 25%—to maintain sufficient voting influence.