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A comment on SpaceX hits $100B valuation after secondary share sale. Parent comment

Re:SpaceX hits $100B valuation after secondary share sale by tw04 on Friday October 08, 2021 @03:15PM (#28802977)
The "private shares" don't have anywhere near the voting rights that people would typically expect from an IPO.

>Elon Musk’s trust holds 54% of the outstanding shares of SpaceX and has 78% voting control of the outstanding stock.

https://www.rankred.com/buy-spacex-stock-worth/

And the reality is: what does he have to gain by going public? He's found no shortage of private investment. I see a ton of negatives to being public and almost no downside.

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Re:SpaceX hits $100B valuation after secondary share sale by HWR_14 on Saturday October 09, 2021 @12:02AM (#28806949)
> The "private shares" don't have anywhere near the voting rights that people would typically expect from an IPO.

I mean, no one can outvote Zuck in FB, or Page/Brin in Google, Setting up public shares with (effectively) no voting power (unless Brin and Page disagree) turns out to be trivial

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