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New York and California pension leaders oppose ‘extreme’ SpaceX control structure linked to Musk: Reuters.
Leaders of New York and California public pensions have raised concerns about SpaceX's control structure.
KEY POINTS
- 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.
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