Gate News message, April 24 — SpaceX is implementing Texas anti-takeover protections to defend against hostile bidders and activist investors before a planned IPO that could value the company at approximately $1.75 trillion this summer, according to a regulatory filing released Thursday.
The company cited Texas law, along with its charter and bylaws, as measures that could make acquisitions through tender offers, proxy contests, or removal of incumbent officers and directors more difficult. SpaceX stated these protections are “expected to discourage coercive takeover practices and inadequate takeover bids” and would require potential acquirers to “first negotiate with us.”
The move comes as activist investor campaigns surge across U.S. markets. Barclays data showed that activists launched 41 campaigns at U.S. companies during the first quarter of 2026, up 3% from the prior year, with technology and industrials sectors being the primary targets.
The same prospectus flagged risks related to xAI, including allegations that AI products were used to create non-consensual explicit imagery depicting children in sexualized contexts. SpaceX disclosed that global regulatory agencies are actively investigating the use of AI in advertising, consumer protection, and harmful content distribution, with potential consequences including loss of market access.
Meanwhile, space industry leaders outlined ambitious plans during CNBC’s CONVERGE LIVE in Singapore. Voyager Technologies CEO Dylan Taylor predicted humans will reach the moon by the end of the 2020s, with a lunar base potentially operational by 2032–2033. Elon Musk previously stated SpaceX aims to build a self-growing city on the Moon, potentially within 10 years.
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