As SpaceX prepares for a public debut at a valuation targeting US$1.75 trillion, new regulatory filings have revealed a corporate governance structure that positions Elon Musk as an unassailable leader. According to Reuters, the company’s IPO filing includes a provision stating that Musk cannot be removed from his roles as CEO and chairman of the board without his own consent.
SpaceX’s IPO gives Musk unchecked control via ‘Texas fortress’ strategy
30
Apr