The IPO That's Buried in Plain Sight: A $3. 75 Billion Windfall for Friends and Family The recent amended IPO filing by SpaceX has raised eyebrows among investors and regulators.
Amidst the fanfare surrounding Elon Musk's ambitious plans to revolutionize space travel, a little noticed clause has sparked concern about potential insider dealings and the fairness of this massive fundraising effort.
SpaceX will reserve 5% of its shares for certain employees and their friends and families who won't be subject to lockup restrictions.