Sen. Warren calls on SEC to delay SpaceX IPO, flagging concerns about valuation and governance
Sen. Elizabeth Warren noted Elon Musk's "uniquely unchecked" power as SpaceX's majority shareholder and other concerns in a letter to the SEC.
TL;DR
- Sen. Elizabeth Warren contacted the SEC.
- Concerns were raised about Elon Musk's power at SpaceX.
- Musk holds significant power as SpaceX's majority shareholder.
- His power was described as "uniquely unchecked".