Elon Musk's SpaceX IPO Faces Pushback From Major Pension Funds
Major U.S. pension funds, including New York and California systems overseeing over $1 trillion in assets, have criticized the governance structure of Elon Musk’s planned SpaceX IPO as overly favorable to management. They are urging changes such as a one-share-one-vote system and an independent board majority.
Topics: Elon Musk governance structure IPO pension funds SpaceX