Comment by dgellow
1 day ago
In the case of Spacex that's literally not the case, when private investors bought shares the company was already a decade old and had a single class of shares. It's only since the IPO that the company switched to a dual structure, multiple years after private investors bought in. And class-B shares have only been given to Elon and a few of his friends.
The private investors were free to sue or arbitrage, as it is a private matter.
There were disputes around SpaceX secondary market/special purpose vehicle shares before the listing, but they were all settled out of court, AFAIK.
SpaceX has had multiple share classes the entire time, what are you talking about? pre-IPO there was a third Class C with no voting rights at all, these got converted to Class A
Do you have any source on this? That doesn’t match what I can find
This is well known stuff.
Look for articles about SpaceX ownership pre 2024
Here's an article from 2023
https://www.euronews.com/business/2023/09/06/did-elon-musk-l...
It's worth asking you where you conceived this claim and what happens with the similar ones