SpaceX IPO and S-1

[captainccs]

@The SpaceX S1 has been released

A few things I picked up is that you can only purchase class A stock which provides you with 1 vote for corporate matters. You need never bother casting a vote because it has no value. Elon Musk will possess class B stock with 10 votes per share insuring that his whims can never be outvoted. No biggie? Who votes their shares anyway?

This used to bother me but no longer. We are not owners, we are only shareholders. Owners have power, shareholders own only shares, not real power. BTW, I no longer buy IPOs.

The Captain