alt Hacker News>Akademikerpension also said the governance structure of SpaceX was "extremely deficient", adding that Elon Musk is expected to control more than 80% of the voting rights while simultaneously serving as chief executive officer, chief technology officer and chair of the board.
Their skepticism seems pretty valid to me
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adamiscool8 • today at 8:56 AM
Zuck was in roughly the same position and they didn’t put out a statement skipping that IPO. The valuation criticism is more valid but this line belies political motivation.
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The company is wildly overvalued. It'd be funny if Musk wasn't about to walk away with a bunch of money stolen from retirement accounts.