My mom 🇨🇳 from China warned me about investing $500 in $SPCX and I'm here to share it with you.
I need to discuss the risk of Elon Musk in SPCX because SpaceX literally revealed it in their own prospectus, and most folks seem to overlook it.
Musk controls about 85% of the voting power of the company through his Class B shares. That means if you're a public shareholder, you have very little influence over major corporate decisions.
SpaceX is effectively a controlled company. Musk can determine the outcomes of shareholder votes, influence board elections, and steer the company direction for years.
And that's the real risk: you're not just investing in SpaceX, you're investing in Elon Musk's focus, judgment, and ongoing leadership. If his priorities shift towards xAI, Tesla, politics, or something else, that impacts your investment.
This isn't speculation. It's disclosed in the company's filing.
SPCXB
167.85
+0.38%
TSLAB
405.48
+0.41%
NVDAB
($TSLAB -$NVDAB )
#SPCX #SpaceX
I need to discuss the risk of Elon Musk in SPCX because SpaceX literally revealed it in their own prospectus, and most folks seem to overlook it.
Musk controls about 85% of the voting power of the company through his Class B shares. That means if you're a public shareholder, you have very little influence over major corporate decisions.
SpaceX is effectively a controlled company. Musk can determine the outcomes of shareholder votes, influence board elections, and steer the company direction for years.
And that's the real risk: you're not just investing in SpaceX, you're investing in Elon Musk's focus, judgment, and ongoing leadership. If his priorities shift towards xAI, Tesla, politics, or something else, that impacts your investment.
This isn't speculation. It's disclosed in the company's filing.
SPCXB
167.85
+0.38%
TSLAB
405.48
+0.41%
NVDAB
($TSLAB -$NVDAB )
#SPCX #SpaceX