SpaceX's prospectus lists Musk as one of the risk factors.

CoinFeed reported on May 21 that, according to The Verge, SpaceX listed Elon Musk as a significant risk factor in its IPO prospectus. The document shows that the company is "highly dependent" on Musk's leadership, and that Musk's companies, including Tesla, xAI, X, The Boring Company, and Neuralink, have overlapping or even potential competition with SpaceX in terms of technology and business. The prospectus mentions that Tesla holds approximately 19 million SpaceX Class A common shares and previously converted its xAI shares into SpaceX shares.