Report: SpaceX IPO gives Musk unchecked power and forbids investor lawsuits

The decision to require investors to forgo legal recourse highlights a growing trend in the tech industry where founders seek to maintain control at the expense of traditional investor rights. This could set a precedent for how future IPOs are structured, potentially leading to a more concentrated power dynamic within companies. Investors may need to weigh the risks of such arrangements against the potential for high returns.