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NYC Comptroller Raises Concerns Over SpaceX Index Inclusion and Governance Structure

New York City Comptroller Mark Levine discussed the fast-tracking of SpaceX's inclusion into major indexes such as MSCI Global Standard and FTSE Russell, highlighting concerns about the abandonment of traditional criteria like seasoning periods and earnings track records. Levine emphasized the unprecedented governance structure of SpaceX, where a single individual holds dominant control with limited shareholder rights and no independent board oversight. He speaks with Romaine Bostick & Katie Greifeld on "The Close."

Read more: NYC Comptroller Raises Concerns Over SpaceX Index Inclusion and Governance Structure
Bloomberg

SpaceX, Tesla Merger A 'Forgone Conclusion,' Says Ross Gerber

Ross Gerber, president and CEO of Gerber Kawasaki Wealth & Investment Management, said that he feels a that a merger to combine SpaceX and Tesla is a 'forgone conclusion' and that he believes its been propping up Tesla's stock as people wait for an opportunity to own SpaceX. Gerber says that despite some concerns about Musk's complete control over both companies, he feels that investors know what they are getting into putting their money in his hands and that investors who have a problem with it shouldn't buy the stock.

Read more: SpaceX, Tesla Merger A 'Forgone Conclusion,' Says Ross Gerber
Bloomberg

Musk Aiming For 'Holy Grail of Space Flight' in Reusability, Says Loren Grush

Bloomberg space reporter Loren Grush said that Elon Musk is still focused on Space even as other parts of the company generate more revenue for Musk as SpaceX's IPO makes him the world's richest man. Grush said that Musk is still committed to the starship rocket and trying to reach the 'holy grail of space flight' in reusing boosters/

Read more: Musk Aiming For 'Holy Grail of Space Flight' in Reusability, Says Loren Grush