SpaceX Prospectus Reveals Elon Musk Can Maintain Board Control After IPO

According to an excerpt from SpaceX’s initial public offering prospectus, the company plans to maintain a “controlled company” status after going public, which means that founder Elon Musk will continue to retain absolute control over the board of directors without needing to follow the usual requirement that the majority of directors be independent. (Sina Finance)

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