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Elon Musk says SpaceX HQ officially moving to Texas, blames new CA trans student privacy law(www.cnbc.com)

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Yewb@lemmy.world
13 points

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!

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Celestus@lemm.ee
8 points

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

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Yewb@lemmy.world
6 points

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

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Lemonparty@lemm.ee
8 points

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.

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