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SPACEX IPO GIVES MUSK UNCHECKED POWER AND FORBIDS INVESTOR LAWSUITS

arstechnica.com3 min read

Summary from the TLDR newsletter

Shareholders will be prohibited from bringing class actions against SpaceX, its directors, officers, controlling shareholders, or bankers tied to the IPO, and Musk will have the power to elect, remove, or fill any vacancy on the board of directors.