'Upset' with SpaceX, three of the biggest public pension companies in America send letter to Elon Musk; say: We are writing to express our serious concerns with ...
TIMESOFINDIA.COM / May 15, 2026, 06:57 (IST)
America's largest public pension funds are voicing serious concerns over SpaceX's planned IPO governance. They argue that Elon Musk's proposed super-voting shares and control provisions could significantly weaken shareholder protections and grant him excessive, potentially unfireable, power. These funds are urging SpaceX to revise its structure before going public.