HOW SPACEX IS STRUCTURED TO FAVOR ELON MUSK

Summary from the TLDR newsletter

In January, SpaceX granted Elon Musk a pay package that will eventually total 1.3 billion in restricted shares. While he has not achieved the goals that the award is contingent on, SpaceX's IPO prospectus says that he can use those shares in voting on shareholder decisions. SpaceX does not plan to have the majority of its board be independent directors, and any shareholder claims under federal securities laws must be resolved through arbitration. The measures allow Musk to pick the people who determine his pay and largely insulate himself from shareholder lawsuits.