Bloomberg
• Frances Schwartzkopff
SpaceX IPO draws governance-and-valuation pushback: funds blacklist Musk-controlled structure as S&P 500 gatekeepers refuse entr
As SpaceX’s IPO debut approaches, prominent governance-focused investors are blacklisting the offering, citing concerns over Elon Musk’s level of control and the company’s public-market structure. At the same time, short seller Jim Chanos challenged the valuation premise as S&P 500 gatekeepers declined to include SpaceX in the index.
