Elon Musk purchased $1.4 billion worth of SpaceX shares last year, according to a report by The Information, as the aerospace company prepares for a potential public offering.

Corporate filings indicate that Musk and other company insiders plan to retain voting control of SpaceX following any initial public offering. The structure would allow the company to access public capital markets while maintaining decision-making authority among current leadership.

Separately, SpaceX President Gwynne Shotwell earned $85 million in compensation last year, according to company documents. Shotwell has served as president and chief operating officer of the rocket manufacturer since 2008 and has been instrumental in the company's commercial and government contract operations.

The financial disclosures come as SpaceX continues to expand its operations across multiple business lines, including satellite internet services through its Starlink constellation and NASA contracts for crew transportation to the International Space Station. The company has conducted numerous successful launches and has established itself as a major player in the commercial space industry.

Musk's additional investment in SpaceX represents a significant financial commitment to the company he founded in 2002. The purchase increases his already substantial ownership stake in the private aerospace firm, which has been valued at over $100 billion in recent funding rounds.