BRIEF-SpaceX To Apply To List Shares On Nasdaq And Nasdaq Texas
Tesla Motors, Inc. TSLA | 0.00 |
May 20 (Reuters) - SpaceX:
SPACEX FILES S-1 REGISTRATION STATEMENT WITH U.S. SEC
SPACEX: FILES FOR IPO OF CLASS A SHARES
SPACEX: WE WILL HAVE TWO CLASSES OF COMMON STOCK ISSUED AND OUTSTANDING: CLASS A COMMON STOCK AND CLASS B COMMON STOCK
SPACEX: CLASS A COMMON STOCK WILL HAVE ONE VOTE PER SHARE; CLASS B WILL HAVE 10
SPACEX: WILL HAVE "CONTROLLED COMPANY" STATUS AFTER IPO, DOES NOT NEED MAJORITY OF BOARD TO BE INDEPENDENT
SPACEX: MUSK WILL HAVE POWER TO CONTROL OUTCOME OF MATTERS THAT NEED SHAREHOLDER APPROVAL
SPACEX: DOES NOT EXPECT TO DECLARE OR PAY DIVIDENDS TO HOLDERS OF CLASS A STOCK IN THE FORESEEABLE FUTURE
SPACEX: ELON MUSK HAS COMBINED VOTING POWER OF 85.1%
SPACEX: ELON MUSK OWNS 12.3% OF CLASS A SHARES, 93.6% OF CLASS B SHARES
SPACEX: AFTER IPO, MUSK WILL BE CEO, CTO AND CHAIRMAN OF BOARD
SPACEX: MUSK CAN ELECT, REMOVE, OR FILL VACANCY AMONG CLASS B DIRECTORS
SPACEX: TO APPLY TO LIST SHARES ON NASDAQ AND NASDAQ TEXAS
SPACEX: TESLA OWNS 18,990,195 SHARES OF CLASS A COMMON STOCK AS OF MAY 1
SPACEX: IN MAY, ENTERED INTO CLOUD SERVICES AGREEMENTS WITH ANTHROPIC PBC
SPACEX: ANTHROPIC TO PAY US $1.25 BILLION PER MONTH THROUGH MAY 2029, WITH CAPACITY RAMPING IN MAY AND JUNE 2026 AT A REDUCED FEE
SPACEX: BEING INVESTIGATED IN U.S. AND OTHER COUNTRIES OVER ALLEGATIONS ITS AI USED TO CREATE NONCONSENSUAL EXPLICIT IMAGES OR CONTENT REPRESENTING CHILDREN IN SEXUALIZED CONTEXTS
SPACEX: INTEGRATED AI PLATFORMS ACROSS GROK X HAVE OVER 1.3 BILLION SUPPORTED ACCOUNTS ACTIVE IN LAST 12 MONTHS ENDED MARCH 31, INCLUDING ABOUT 550 MILLION MAUS
SPACEX: IN JANUARY, AND FURTHER AMENDED ON FEBRUARY 18, CTC ENTERED EQUIPMENT LEASE DEAL WITH VALOR EQUITY PARTNERS FOR AI INFRASTRUCTURE HARDWARE
SPACEX: MORGAN STANLEY NAMED STABILIZATION AGENT FOR SPACEX IPO
SPACEX: IN MAY, THE SPACEX CREDIT FACILITY WAS AMENDED TO INCREASE THE BORROWING CAPACITY UP TO $5,000 MILLION
