# SpaceX IPO filing says Elon Musk can only be removed as CEO and chairman by Class B shareholders he controls, giving him veto power and limiting investor influence.

*aerospace · news · 2026-04-30 · CNBC TV18*

## Key points

- SpaceX's IPO filing reveals only Class B shareholders, controlled by Musk, can remove him as CEO.
- Musk's control over Class B super-voting shares gives him an effective veto on board removal attempts.
- This governance structure goes further than typical dual-class setups by tying removal directly to Musk's voting power.
- SpaceX's split into Class A and Class B stock after IPO ensures Musk retains majority control over board decisions.

**Companies:** SpaceX
**Countries:** United States

[Read the full story on CNBC TV18](https://www.cnbctv18.com/world/only-elon-musk-can-fire-elon-musk-from-spacex-filing-shows-ipo-tesla-facebook-mark-zuckerberg-ws-l-19896247.htm)

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