Report: SpaceX IPO gives Musk unchecked power and forbids investor lawsuits

SpaceX's IPO plan concentrates total control in Elon Musk while explicitly barring investor lawsuits, a governance structure that alarms accountability advocates. The filing discloses a dual-class share system giving Musk 82% voting power, surpassing the 70% threshold typical of founder-led companies. This concentration of authority outperforms #6 in shareholder risk, yet it raises red flags for institutional investors seeking checks on executive power.