Ages2Come
Menu
View all results →
Categories
⚡ Breaking
Larry Page’s flying car company Pivotal loses its CEO Bill Simmons’s Co-Hosts Are Tired of His A.I. Antics SEC proposes transfer agent rule, sets event to figure out round-the-clock U.S. trading China dissented from G20 statement opposing 'cheap exports' flooding market, Bessent says Tim Cook to be paid $47mn as Apple’s executive chair Are all TVs at risk from burn-in? Here's how to avoid the problem altogether At G20 Meeting, Scott Bessent Accuses China of Flooding the World With Cheap Exports Will self-flying planes transform the skies? The Range Rover Electric: Specs, Price, Availability Blue Origin wins NASA contract for telecommunications on Mars Larry Page’s flying car company Pivotal loses its CEO Bill Simmons’s Co-Hosts Are Tired of His A.I. Antics SEC proposes transfer agent rule, sets event to figure out round-the-clock U.S. trading China dissented from G20 statement opposing 'cheap exports' flooding market, Bessent says Tim Cook to be paid $47mn as Apple’s executive chair Are all TVs at risk from burn-in? Here's how to avoid the problem altogether At G20 Meeting, Scott Bessent Accuses China of Flooding the World With Cheap Exports Will self-flying planes transform the skies? The Range Rover Electric: Specs, Price, Availability Blue Origin wins NASA contract for telecommunications on Mars
Startups / Economy Economy

How Founder Control Is Reshaping Public Markets

Source: bloombergMarkets July 12, 2026 · 05:03
SpaceX’s record-setting IPO gave public investors access to one of the world’s most valuable companies, but not equal voting rights. CEO Elon Musk holds just over 40% of the company’s equity while controlling more than 80% of the vote. IPO adviser Lise Buyer says dual-class shares can protect founders from short-term market pressure, but Harvard Law School’s Lucian Bebchuk warns that SpaceX’s structure goes much further, raising risks around accountability, succession, conflicts of interest, and shareholder value. Some investors, including Danish pension fund AkademikerPension, have already rejected the stock over what they call “catastrophic governance,” turning SpaceX into a test case for how much control public markets are willing to give superstar founders. (Source: Bloomberg)
Read original article ← Back to Economy

The original article opens on the publisher's website.

More from Economy

View topic →
Countries mentioned
Denmark