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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.
by dgellow 3mo 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.
- miohtama 3mo agoThe 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.
- timmmmmmay 3mo agoSpaceX 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
- dgellow 3mo agoDo you have any source on this? That doesn’t match what I can find
- inemesitaffia 3mo agoThis 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-loan-money-from-spacex-to-pay-for-twitter 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