“Will SpaceX Change The Fiduciary Role Of Corporate Directors?”

[COMMENTARY] Even after SpaceX becomes a public company, Elon Musk will have virtually absolute control. He will “own 42.5 percent of the company’s equity and 83.8 percent of the voting control.” When I first entered the investment business in 1969, it was becoming perceived wisdom that  ‘B’ class voting shares — as distinct from non-voting shares sold to the public — were being greatly discouraged. This share arrangement for Musk puts him in a position where his leadership could likely never be challenged!
Will SpaceX Change The Fiduciary Role Of Corporate Directors?, by Matthew Scott, May 21, 2026, Corporate Board Member, USA.