Report: SpaceX IPO gives Musk unchecked power and forbids investor lawsuits
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Report: SpaceX IPO gives Musk unchecked power and forbids investor lawsuits Anyone who buys into SpaceX IPO must waive right to sue the firm, report says. https://arstechnica.com/tech-policy/2026/05/report-spacex-ipo-gives-musk-unchecked-power-and-forbids-investor-lawsuits/?utm_brand=arstechnica&utm_social-type=owned&utm_source=mastodon&utm_medium=social
Report: SpaceX IPO gives Musk unchecked power and forbids investor lawsuits
Anyone who buys into SpaceX IPO must waive right to sue the firm, report says.
arstechnica.com
Comments (2)
@arstechnica Probably illegal, and ripe for court challenge. Many corproate contracts contain provisions that are illegal under prevailing law. They are not enforceable. Investors can't sue? Sue anyway, and see what happens. Then escalate. Let a court decide what's really legal.
And this isn't Elmo's first turn with this shit, either. He's been smacked down for it before.
@arstechnica Everyone liked to criticize Steve Jobs' reality distortion field but he doesn't hold a candle compared to this guy.