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SpaceX IPO filing: Elon Musk can only be removed as CEO via a vote by holders of Class B super-voting shares, which he will control post-IPO, a rare provision

SpaceX is telling investors that no one can fire Elon Musk from his role as chief executive and chairman of the board without …

Reuters

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  • @rajakorman Karthik Sankaran on x
    All history is the history of share class struggle.
  • @kobeissiletter @kobeissiletter on x
    BREAKING: SpaceX's board has approved a new compensation package for Elon Musk ahead of its record-setting IPO. The package includes: 1. 200 million super-voting shares if SpaceX hits a $7.5 trillion valuation and establishes a permanent Mars colony with at least 1 million [image…