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
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
GateNews20m 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
GateNews56m 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
Trump-Backed Plan to Make Quarterly Earnings Reports Optional Faces Market Resistance
Gate News message, April 24 — The Trump administration's plan to allow U.S. companies to shift from quarterly to semi-annual earnings reports is moving forward, with the SEC expected to soon seek public comment on a proposal to eliminate mandatory quarterly filings. However, investors and market
GateNews1h ago
Canada Cuts Trading Fee Cap to CAD $0.0017 for Inter-Listed Securities
The Canadian Securities Administrators has adopted final amendments to trading fee caps, lowering the maximum fee charged by marketplaces for executing trades in inter-listed equities, according to the CSA announcement. The changes apply to securities priced at CAD $1.00 or more that are listed on b
CryptoFrontier1h ago
Luo Weiren became Intel’s biggest hero for reversing the yield turnaround? What threats could talent leaving TSMC bring to Taiwan?
Intel’s 2026 Q1 earnings beat expectations, with Chen Liwu’s reforms and U.S. government resources, as well as subsidies under the CHIPS Act, cited as the biggest drivers. Lo Wei-jen was accused of taking away advanced process secrets, becoming an outside focal point around Intel’s turnaround in yields. The case exposes the national-security risks to Taiwan’s high-tech talent brain drain; past incidents involving Liang Meng-song and others only further highlight the long-term impact of core technology leaks on national competitiveness. The government and industry must find a balance among talent retention, confidentiality, and national strategy.
ChainNewsAbmedia1h ago
