SpaceX on Tuesday disclosed it would acquire Cursor for $60 billion in stock, representing roughly 3.4% dilution—meaning investor stakes will represent a smaller percentage of the company—of SpaceX’s $1.77 trillion IPO valuation.
I never understood this. Dilution should require a vote from owners.
I never understood this. Dilution should require a vote from owners.
You vote by selling your stock if you disagree.
Are more than 50% of shares not owned by Musk? If not, a vote wouldn’t even matter.
What about indication of change? I.E. ability to sell before dilution.
Would it be helpful if that had been written into the company’s AoI and server software?