Cannot not invest but also can't help being wary of Musk's unprecedented control rights Part of investors are struggling with SpaceX's IPO.

New York City Comptroller Mark Levine said that Elon Musk's unprecedented control over SpaceX represents a new level of disregard for the rights of ordinary shareholders. Levine stated in an interview, "I understand that we are in an era where founders want more control. But Musk's intentions for SpaceX 'far exceed anything we have seen before.' It's unprecedented." SpaceX is set to go public this week, and the highly anticipated IPO, which is expected to be record-breaking in scale, is being eagerly pursued by investors. However, to invest in this company, one must accept its corporate governance structure: Musk holds about 80% of the voting rights and serves as CEO, CTO, and chairman of the board. For large investors tracking indexes, not investing in SpaceX is not easy. The company has forced the market to make adjustments around it. Levine, who oversees approximately $300 billion in active and passive managed investment portfolios in the New York City public pension funds, stated that excluding SpaceX is a "very complex" matter.