Re:SpaceX's Valuation Climbs to $25B with New Funding Round
by kss238 on Thursday April 12, 2018 @10:55PM
(#16826836)
As long as Musk's companies accurately disclose what the money they're raising is going to be used for, I don't think there is any issue. Shkreli was convicted because he claimed to investors that he was going to invest in x but actually invested in y.
[ Parent
| on HN ]
Re:SpaceX's Valuation Climbs to $25B with New Funding Round
by jjeaff on Friday April 13, 2018 @01:48AM
(#16827408)
Well, the board members of SpaceX, including musk, have a fiduciary responsibility to SpaceX only, when making decisions about what to do with SpaceX money. So investing or loaning money to Tesla or otherwise giving them some kind of sweetheart deal would inevitably open SpaceX up for a lawsuit from SpaceX shareholders.