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… 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." (Source: Bloomberg)