SpaceX issued $250 billion in new shares to acquire Musk's struggling xAI company, diluting existing investors without board approval or voting rights. The self-negotiated deal creates a $1.25 trillion combined entity where SpaceX's profitable government contracts now backstop xAI's losses. Shows how founder control can override traditional investor protections in private markets.
#CorporateGovernance #SpaceX #InvestorRights
https://www.implicator.ai/musk-merged-spacex-with-xai-his-investors-paid-the-bill/


