# New York and California pension leaders oppose ‘extreme’ SpaceX control structure linked to Musk: Reuters.

*aerospace · news · 2026-05-14 · Seeking Alpha*

## Key points

- Leaders of New York and California public pensions have raised concerns about SpaceX's control structure.
- Pension executives describe SpaceX's proposed ownership model as 'extreme' compared to norms.
- These public funds have significant influence as potential investors in SpaceX's anticipated public offering.
- The pension leaders are urging Elon Musk to reconsider SpaceX’s governance terms ahead of its IPO.

**Companies:** SpaceX
**Countries:** United States

[Read the full story on Seeking Alpha](https://seekingalpha.com/news/4592659-new-york-and-california-pension-leaders-oppose-extreme-spacex-control-structure-linked-to-musk-reuters)

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