Elon Musk is steamrolling Wall Street to become a trillionaire
The Verge
Elon Musk’s SpaceX IPO is poised to make him a trillionaire by bypassing traditional market accountability and corporate governance standards.Summary
Elon Musk is preparing for a massive SpaceX IPO that experts warn is structured as a "corporate governance disaster," allowing him to retain extreme control through super-voting shares. By integrating X and xAI into SpaceX, Musk is leveraging high-hype AI narratives to secure an massive valuation. Although Musk's ownership of X has been criticized as a business failure, the SpaceX offering is being fast-tracked into index funds, effectively forcing widespread investment and insulating him from typical market corrective measures and accountability.
(Source：The Verge)