Optionality
free — 61.2% voting control on just 13.68% equity (board.yaml) is a genuine dual-class supervoting lock, the same tier as Musk's SpaceX. The ~$84B in new debt Meta is taking on for the AI buildout is a company-level balance-sheet lever, not a personal constraint — it doesn't dilute his personal control, so board.yaml's 'mixed' label applies to the ORG axis (Meta's leverage), not the PERSON axis (his control), which is FREE.
Sourced figures 2
- kestrel board.yaml deployable axis, spin-up-board 2026-07-25 61.2% Meta voting on 13.68% equity = unilateral control
- kestrel board.yaml meta-ai optionality axis meta-ai optionality (org-level): mixed — dual-class control (free) but taking on debt up to ~$84B for the AI buildout
the working
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