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

Reuters says SpaceX’s planned IPO would preserve Elon Musk’s control through supervoting shares and other governance protections.

The filings would require mandatory arbitration, blocking class actions, jury trials, and many shareholder lawsuits.

Texas corporate law would also limit investor proposals and legal challenges, making the public listing unusually founder-friendly.

The structure could reduce standard investor protections and affect future deals, including a possible Tesla merger.