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# FedHoldsRateButDividesDeepe

118

Reuters: No one can remove Elon Musk from SpaceX.. except Elon Musk himself
Reuters has revealed that the initial public offering documents for SpaceX show that the company will adopt a "dual-class share" system, a model that grants founders greater voting power than new investors, aiming to maintain managerial stability after listing.
Difficulty in removing Elon Musk
According to the documents, Elon Musk cannot be removed from his position as CEO or Chairman of the Board except with the approval of holders of Class B shares, which give him ten votes per share, meaning he effectively retains c

DOGE2.36%

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