• Yewb@lemmy.world
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    4 months ago

    Doesnt he have a fiduciary responsibility to the share holders? How is this unnecessary move going to help increase their value?

    Please lets think of the shareholders!

    • Celestus@lemm.ee
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      4 months ago

      SpaceX is not publicly traded, so there are no (public) shareholders to be beholden to

      • Yewb@lemmy.world
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        4 months ago

        There are stake holders that are not elon he only has like 54% still a fiduciary responsibility

    • Lemonparty@lemm.ee
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      4 months ago

      Unless I’m mistaken they’ve always been based in Texas. Like look at their corporate license, they’re incorporated in Texas. SpaceX isn’t moving shit, he’s just talking out his ass per usual.