being a public company forces a lot of trust and transparency bc otherwise shareholders will sue you into oblivion
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.
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?
True story, for example take Tesla's promise of self driving which was delivered back in 2015.