Comment by stingraycharles
8 hours ago
It’s not SpaceX’s fault. It’s still a company to admire, it’s just that nobody appears to be able to stop Musk.
I wonder why SpaceX investors aren’t revolting.
8 hours ago
It’s not SpaceX’s fault. It’s still a company to admire, it’s just that nobody appears to be able to stop Musk.
I wonder why SpaceX investors aren’t revolting.
I wonder why the SpaceX top management is going along with this. It's clearly not in their long term interest to do so.
From what I understand, Musk owns 42% of the company and nearly 80% of the voting rights, so I guess that answers the question.
I guess this is the price you pay for buying shares with less voting rights.