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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bruce ATS Sees 66% Monthly Growth in Overnight U.S. Trading
Bruce Markets reported that its overnight U.S. equities venue, Bruce ATS, has recorded sustained growth since launch, with monthly average traded notional reaching $502 million in March 2026. According to Bruce Markets, traded notional on the platform has grown at an average monthly rate of 66% sinc
CryptoFrontier17m ago
Saudi startups face VC funding drop amid US-Israel war on Iran
Saudi Arabia's venture capital market is experiencing disruptions from the US-Israel war on Iran that began at the end of February 2026, with researchers predicting the biggest funding declines will become visible in the second half of the year. According to Tracxn, a market data platform, $108
CryptoFrontier27m ago
South Korea's KRX Cites Global Digital Asset Exchange's Korean Stock Products as Reason to Extend Trading Hours
Gate News message, April 24 — South Korea's Korea Exchange (KRX) cited the listing of Korean stock market products by a major global digital asset exchange as justification for extending trading hours. The exchange said it needs to extend trading hours and improve market infrastructure to compete fo
GateNews28m ago
Intel Stock Surges 24% on Strong Q1 Earnings, U.S. Government Holds $27.1B Unrealized Gain
Gate News message, April 24 — Intel reported first-quarter 2026 earnings on April 24, posting revenue of $13.6 billion, up 7% year-over-year and 11% above Wall Street consensus. Non-GAAP earnings per share came in at $0.29, versus analyst expectations of $0.01, representing a 29-fold beat—an
GateNews54m ago
Willy Woo: Bitcoin Price Action Mirrors Nasdaq, May Need Decade to Gain Recognition as Safe Haven
Gate News message, April 24 — Crypto analyst Willy Woo stated that while most Bitcoin holders view BTC as a safe-haven asset, the reality is more nuanced. Bitcoin does possess safe-haven characteristics—for instance, it enables cross-border asset transfers via seed phrases during wartime and
GateNews1h ago
Strive's SATA Stock Purchases 69 BTC After Hitting $100 Face Value
Gate News message, April 24 — According to ChainCatcher, Strive's SATA stock purchased approximately 69 BTC yesterday (April 23) after reaching a $100 face value.
Over the past two days, SATA has accumulated a total of 137 BTC.
GateNews1h ago
