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The "private shares" don't have anywhere near the voting rights that people would typically expect from an IPO. >Elon Musk’s trust holds 54% of the outstanding
by tw04 5y ago
The "private shares" don't have anywhere near the voting rights that people would typically expect from an IPO.
>Elon Musk’s trust holds 54% of the outstanding shares of SpaceX and has 78% voting control of the outstanding stock.
https://www.rankred.com/buy-spacex-stock-worth/ https://www.rankred.com/buy-spacex-stock-worth/
And the reality is: what does he have to gain by going public? He's found no shortage of private investment. I see a ton of negatives to being public and almost no downside.
- HWR_14 5y ago> The "private shares" don't have anywhere near the voting rights that people would typically expect from an IPO. I mean, no one can outvote Zuck in FB, or Page/Brin in Google, Setting up public shares with (effectively) no voting power (unless Brin and Page disagree) turns out to be trivial