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The discussion on r/spacex: https://www.reddit.com/r/spacex/comments/5d9724/spacex_has_filed_for_their_massive_constellation/ https://www.reddit.com/r/spacex/c
by mikeyouse 10y ago
The discussion on r/spacex:
https://www.reddit.com/r/spacex/comments/5d9724/spacex_has_filed_for_their_massive_constellation/ https://www.reddit.com/r/spacex/comments/5d9724/spacex_has_f...
Interesting note from the Organization section where it shows that Elon's trust owns 54% of outstanding SpaceX shares and over 70% of the voting shares.
- toomuchtodo 10y agoInteresting for sure, but not unexpected. You would not entrust your life's work to your shareholders without having overwhelming control.
- kctess5 10y agoUnless I'm mistaken, many founders do give up control to their share holders.
- BWStearns 10y agoFor many founders their company being their "life's work" is closer to a delusion, or being generous, a conceit.
- bkanber 10y agoYes, but Elon himself has put $100M into the company, and most of that early. Musk is also popular of the "space travel is scary and there will be accidents; if we put it in the hands of the shareholders it'll get shut down" argument and that's certainly a part of his negotiating position.
- nraynaud 10y agoyes, but only when forced to do so, Musk hasn't yet had to do that. It's a one time trick when you have a funding crisis.