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feifantoday at 6:41 PM3 repliesview on HN

being a public company forces a lot of trust and transparency bc otherwise shareholders will sue you into oblivion


Replies

amarkatoday at 6:49 PM

True story, for example take Tesla's promise of self driving which was delivered back in 2015.

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stickfiguretoday at 7:50 PM

From Matt Levine's description, SpaceX has a governance model that explicitly makes it resistant to shareholder lawsuits. It's not a Delaware corporation.

It might or might not work long-term, but I wouldn't count on courts to help.

stackghosttoday at 7:49 PM

SpaceX is run by an absolute ghoul who managed to get away with securities fraud ("funding secured"), what makes you think there's any accountability left in public markets?