Today's word is dual-class. Professor Wobble: in one bank's sketch of SpaceX buying Tesla, Musk would own thirty-seven percent but vote fifty-six, because some SpaceX shares carry more votes than others. Mort: a bank's guess; nobody has announced anything. Brought to you by the number fifty-six.
In Barclays' sketch of SpaceX buying Tesla for stock, Elon Musk would own about 37% of the combined company but hold 56% of its voting power, because SpaceX's shares come in two classes with unequal votes; the bank also allows a six-to-twelve-month window for an announcement unconnected to Tesla's annual meeting, and nothing has been announced.
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X · Oct 15, 2026
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