SpaceX bond worth 10% less than issue price – heading for junk bond status
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Re: SpaceX bond worth 10% less than issue price – heading for junk bond status
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Re: SpaceX bond worth 10% less than issue price – heading for junk bond status
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magnolia1234 bypass-paywalls-clean
Re: SpaceX bond worth 10% less than issue price – heading for junk bond status
#4Cheap capital masked a lot of risk. The current rate environment is exposing it.
Re: SpaceX bond worth 10% less than issue price – heading for junk bond status
#5[deleted]
Re: SpaceX bond worth 10% less than issue price – heading for junk bond status
#6[deleted]
Re: SpaceX bond worth 10% less than issue price – heading for junk bond status
#7Cheap capital masked a lot of risk. The current rate environment is exposing it.
These are bonds that were issued a few weeks ago.
Re: SpaceX bond worth 10% less than issue price – heading for junk bond status
#8Good thing there's a strong corporate governance model at SpaceX where the c-suite is fully accountable to an independent board of directors, who could use their majority voting power to remove that c-suite at will.
Could you imagine the abuse of power that could happen if one person held over 50% of the voting power at such a company?
Re: SpaceX bond worth 10% less than issue price – heading for junk bond status
#9[deleted]
Re: SpaceX bond worth 10% less than issue price – heading for junk bond status
#10Good thing there's a strong corporate governance model at SpaceX where the c-suite is fully accountable to an independent board of directors, who could use their majority voting power to remove that c-suite at will. Could you imagine the abuse of power that could happen if one person held over 50% of the voting power at such a company?
Are super shares like Zuckerberg's and Musk a new thing? Genuinely curious if they're a recent invention or something that's quietly happened for a while because it seems like a large inversion of the deal of going public, lose some control of the company in exchange for a large amount of cash but these nonvoting/supervoting share splits seem to completely upend what I understood to be part of the deal for access to the stock market.