1 month ago
1
SpaceX is telling prospective investors its board volition not request a bulk of directors who are autarkic of the company, according to an excerpt of its IPO filing reviewed by Reuters, underscoring however laminitis Elon Musk is retaining power of the rocket and artificial quality maker.
In a departure from the vast bulk of nationalist companies, SpaceX said it would support “controlled institution status” aft its $1.75 trillion IPO, expected this summer. That means it volition not request a bulk of its committee to beryllium independent, nor volition it request autarkic compensation and nominating committees, the filing excerpt showed. It lone indispensable person an audit committee composed wholly of autarkic directors, the papers stated.
